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Ormat Files $1 Billion Shelf Registration Statement

Geothermal energy company Ormat Technologies (NYSE: ORA) Inc. filed a universal shelf registration statement to sell up to $1 billion of securities – including common shares, debt securities, warrants and units of the company. The shelf registration statement has been filed with the SEC but has not yet become effective. Following the effectiveness of the shelf registration statement, Ormat Technologies may periodically offer one or more of the registered securities in amounts, at prices, and on terms to be announced when, and if, the securities are offered. Ormat Technologies, Inc. is a vertically integrated company primarily engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal power plants. It also designs, develops and builds, and plans to own and operate, recovered energy-based power plants. Additionally, the Company designs, manufactures and sells geothermal and recovered energy power units and other power generating equipment, and provides related services. The Company’s products and systems are covered by more than 70 patents. Website: http://www.ormat.com     

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BBC Releases 2005 Corporate Social Responsibility Report

The BBC’s Corporate Social Responsibility Review for 2005 has a magazine style format, featuring stories on how the corporation is living up to its corporate citizenship commitments. The report is now integrated with the corporation’s environmental reporting. The highlights of this year’s report include * cutting CO2 emissions per broadcast hour in half * diversity strategy: portraying disability on screen, recruiting disabled staff, and improving access to BBC services. * a week-long DoNation program on organ donation, which the BBC says resulted in 100,000 new names added to the UK’s organ donor register * an online partnership between BBC Radio 2 and TimeBank that prompted thousands of new volunteers to sign up for community service The review is available in pdf and plain text format: Website: [sorry this link is no longer available]     

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Western Consortium Orders 157 GM Hybrid-Powered Buses

Eleven transit agencies in California, Nevada and New Mexico place one of the largest hybrid bus orders ever. A hybrid bus consortium consisting of 11 transit agencies in California, Nevada and New Mexico has awarded a contract to Gillig Corp. for the purchase of up to 157 diesel-electric hybrid buses powered by General Motors’ hybrid propulsion system. The purchase contract was spearheaded by the San Joaquin Regional Transit District (RTD) in California. San Joaquin RTD formed the consortium with other transit agencies to boost purchasing power and reduce per-vehicle costs through mass ordering. San Joaquin RTD plans on buying 50 hybrid buses, while the remaining 107 buses will be available for other consortium members. “Our Board of Directors’ commitment to the diesel fuel path led San Joaquin RTD to purchase two GM hybrid-powered buses manufactured by Gillig in June 2004,” said Bobby Kuhn, director of maintenance for San Joaquin RTD. “Since that time, we have experienced firsthand the reductions in fuel consumption, noise levels and emissions offered by this technology. These fantastic results convinced us to purchase additional buses, and to share our experience with GM’s hybrid bus propulsion system with other transit agencies. The interest in acquiring the fuel-saving […]

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Austin Energy's Green Power Rate Dips Below That of Conventional Power

After competitive bidding on the open market, the price of Austin Energy’s GreenChoice green power program has become cheaper than Austin Energy’s conventional electricity. This appears to be the third time in the last two months that a U.S. utility has found that competitively-bid clean energy is coming in cheaper than electricity generated with a mix of coal, natural gas, and nuclear power. Austin Energy has the nation’s largest clean energy program of any publicly-owned utility. Because of the lower price and a limited supply for this newest purchase of clean energy, the Austin City Council voted to hold a raffle for an account in the GreenChoice program. The drawing will take place in March and will be open to all Austin Energy customers. Escalating natural gas prices have pushed up the fuel charge for electric utilities across the nation. Due to these increases, the fuel charge for Austin Energy’s standard portfolio of coal, natural gas, and nuclear power has increased to 3.63/kWh. By contrast, the price of GreenChoice has come in at 3.5/kWh for residential customers who subscribe to the latest GreenChoice offering. This price comes from competitive bidding on the open market for wind power. For raffle winners, […]

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Austin Energy?s Green Power Rate Dips Below That of Conventional Power

After competitive bidding on the open market, the price of Austin Energy’s GreenChoice green power program has become cheaper than Austin Energy’s conventional electricity. This appears to be the third time in the last two months that a U.S. utility has found that competitively-bid clean energy is coming in cheaper than electricity generated with a mix of coal, natural gas, and nuclear power. Austin Energy has the nation’s largest clean energy program of any publicly-owned utility. Because of the lower price and a limited supply for this newest purchase of clean energy, the Austin City Council voted to hold a raffle for an account in the GreenChoice program. The drawing will take place in March and will be open to all Austin Energy customers. Escalating natural gas prices have pushed up the fuel charge for electric utilities across the nation. Due to these increases, the fuel charge for Austin Energy’s standard portfolio of coal, natural gas, and nuclear power has increased to 3.63/kWh. By contrast, the price of GreenChoice has come in at 3.5/kWh for residential customers who subscribe to the latest GreenChoice offering. This price comes from competitive bidding on the open market for wind power. For raffle winners, […]

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