Edison Mission Energy

Last updated

Edison Mission Energy (EME) was an independent power producer based in California, United States. It was owned by Edison International. On December 17, 2012, EME filed for Chapter 11 Bankruptcy with a proposal to transfer control of the company to holders of $3.7 billion in unsecured bonds. [1] [2] The reorganization plan was approved in March 2014 by the U.S. Bankruptcy Court. Under the reorganization plan, Edison Mission Energy would have remained a subsidiary of Edison International, but a new trust, under the control of the former bond-holders, would contain almost all of the former assets and liabilities of EME. [3]

NRG Energy acquired all of the assets of Edison Mission Energy in 2014 for $2.64 billion with approval from the U.S. bankruptcy court, following agreement among EME, Edison International and certain EME creditors. At that time, EME's portfolio included 1,700 MW of wind power; 1,600 MW of gas-fired capacity; 4,300 MW of coal-fired capacity, and 400 MW of oil and waste coal-fired capacity. [4]

Related Research Articles

GenOn Energy Defunct American corporation

GenOn Energy, Inc., based in Houston, Texas, United States, was an energy company that provided electricity to wholesale customers in the United States. The company was one of the largest independent power producers in the nation with more than 14,000 megawatts of power generation capacity across the United States using natural gas, fuel oil and coal. GenOn Energy is headquartered in the Reliant Energy Plaza in Downtown Houston. The company, formerly known as RRI Energy, acquired Mirant on December 3, 2010. The corporate names and logos of both RRI Energy and Mirant were retired.

Pacific Gas and Electric Company American utility company

The Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU) with publicly traded stock. The company is headquartered in the Pacific Gas & Electric Building, in San Francisco, California. PG&E provides natural gas and electricity to 5.2 million households in the northern two-thirds of California, from Bakersfield and northern Santa Barbara County, almost to the Oregon and Nevada state lines.

Dynegy Electricity company based in Houston, Texas

Dynegy Inc. was an electric company based in Houston, Texas, in the United States. It owned and operated a number of power stations in the U.S., all of which were natural gas-fueled or coal-fueled, until merging with Vistra Corp on April 9, 2018. The company is located at 601 Travis Street in Downtown Houston. The company was founded in 1984 as Natural Gas Clearinghouse. It was originally an energy brokerage, buying and selling natural gas supplies. It changed its name to NGC Corporation in 1995 after entering the electrical power generation business.

Electricity sector in India Electricity generation and distribution in India

India is the third largest producer of electricity in the world. The national electric grid in India has an installed capacity of 403.759 GW as of 30 June 2022. Renewable power plants, which also include large hydroelectric plants, constitute 39.2% of total installed capacity. During the fiscal year (FY) 2019–20, the gross electricity generated by utilities in India was 1,383.5 TWh and the total electricity generation in the country was 1,598 TWh. The gross electricity consumption in FY2019 was 1,208 kWh per capita. In FY2015, electric energy consumption in agriculture was recorded as being the highest (17.89%) worldwide. The per capita electricity consumption is low compared to most other countries despite India having a low electricity tariff.

Loy Yang Power Station

The Loy Yang Power Station is a brown coal- fired thermal power station located on the outskirts of the city of Traralgon, in south-eastern Victoria, Australia. It consists of two sections, known as Loy Yang A and Loy Yang B. Both Loy Yang A and B are supplied by the Loy Yang brown coal mine. The Loy Yang power stations are located in the brown coal rich Latrobe Valley, along with the Yallourn power station.

GenOn Energy Holdings, formerly Mirant Corporation, was a subsidiary of GenOn Energy, and is now a part of NRG Energy.

FirstEnergy American electric utility

FirstEnergy Corp is an electric utility headquartered in Akron, Ohio. It was established when Ohio Edison acquired Centerior Energy in 1997. Its subsidiaries and affiliates are involved in the distribution, transmission, and generation of electricity, as well as energy management and other energy-related services. Its ten electric utility operating companies comprise one of the United States' largest investor-owned utilities, based on serving 6 million customers within a 65,000-square-mile (170,000 km2) area of Ohio, Pennsylvania, West Virginia, Virginia, Maryland, New Jersey and New York. Its generation subsidiaries control more than 16,000 megawatts of capacity, and its distribution lines span over 194,000 miles. In 2018, FirstEnergy ranked 219 on the Fortune 500 list of the largest public corporations in the United States by revenue.

DTE Electric Company was founded in 1886.

NRG Energy Energy company serving customers in the northeast United States and Texas

NRG Energy, Inc. is an American energy company, headquartered in Houston, Texas. It was formerly the wholesale arm of Northern States Power Company (NSP), which became Xcel Energy, but became independent in 2000. NRG Energy is involved in energy generation and retail electricity. Their portfolio includes natural gas generation, coal generation, oil generation, nuclear generation, wind generation, utility scale generation, and distributed solar generation. NRG serves 6 million retail customers in 24 US states including Texas, Connecticut, Delaware, Illinois, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Ohio; the District of Columbia, and eight provinces in Canada.

Homer City Generating Station

Homer City Generating Station is a 2-GW coal-burning power station near Homer City, in Indiana County, Pennsylvania, USA. It is majority-owned by General Electric and operated by NRG Energy. Units 1 and 2, rated at 660 MWe, began operation in 1969. Unit 3, rated at 692 MWe nameplate capacity, was launched in 1977. It employs about 260 people, and generates enough electricity to supply two million households.

W. H. Sammis Power Plant Coal-fired power station in Jefferson County, Ohio

The W. H. Sammis Power Plant is a 2.2-gigawatt coal power plant in Stratton, Ohio, in Jefferson County, Ohio. The plant is operated by Energy Harbor. It began operations in 1960.

Dickerson Generating Station

The Dickerson Generating Station is an 853 MW electric generating plant owned by NRG Energy, located approximately two miles west of Dickerson, Maryland.

SunEdison, Inc. is a renewable energy company headquartered in the U.S. In addition to developing, building, owning, and operating solar power plants and wind energy plants, it also manufactures high purity polysilicon, monocrystalline silicon ingots, silicon wafers, solar modules, solar energy systems, and solar module racking systems. Originally a silicon-wafer manufacturer established in 1959 as the Monsanto Electronic Materials Company, the company was sold by Monsanto in 1989.

Eneva is a power generation company based in Rio de Janeiro, Brazil. It is listed at the São Paulo exchange.

The Blythe Mesa Solar Power Project, also known as the Blythe Solar Energy Center, is a 485 megawatt (MWAC) photovoltaic power plant near the city of Blythe in Riverside County, California. It occupies about 2,000 acres of public land managed by the Bureau of Land Management in the Mojave Desert. The construction uses CdTe thin film panels from the U.S. firm First Solar, and the majority of the output is being sold to Kaiser Permanente and Southern California Edison under 20-year power purchase agreements.

NTPC Limited Indian public sector undertaking

NTPC Limited, formerly known as National Thermal Power Corporation Limited, is an Indian public sector undertaking which is engaged in generation of electricity and allied activities. The headquarters of the company is situated at New Delhi. NTPC's core function is the generation and distribution of electricity to State Electricity Boards in India. The body also undertakes consultancy and turnkey project contracts that involve engineering, project management, construction management, and operation and management of power plants.

The Escalante Solar Project is a 240 MWAC (315 MWp) photovoltaic power station located about 5 miles north of the town of Milford in Beaver County, Utah. The project was developed by SunEdison, built by Mortenson Construction, and commissioned in September 2016. The power is being sold under three separate 20-year power purchase agreements to Rocky Mountain Power which serves customers in Utah, Idaho, and Wyoming. At 1900 acres (3.0 sq miles), it is the largest grouping of photovoltaic generators in the state of Utah.

Comanche Solar Project Photovoltaic power station

The Comanche Solar Project is a 120 megawatt (MWAC) photovoltaic power station near the city of Pueblo, Colorado. It became the largest solar facility in the state when it came online in late 2016. The electricity is being sold to Public Service of Colorado, a subsidiary of Xcel Energy, under a 25-year power purchase agreement (PPA). Xcel determined through an open bid process that the PPA's terms were competitive with natural gas.

The Enterprise Solar Farm is an 80 MWAC (105 MWp) photovoltaic power station located about 25 miles west of Cedar City, Utah in Iron County. The project was developed by SunEdison, built by Mortenson Construction, and commissioned in September 2016. The electricity is being sold under a 20-year power purchase agreement to Rocky Mountain Power which serves customers in Utah, Idaho, and Wyoming.

Three Cedars Solar Project Solar power station in Utah, USA

Three Cedars Solar Project is a 210 MWAC (265 MWp) photovoltaic power station consisting of three units extending about 15 miles northwest of Cedar City, Utah. The project was developed by SunEdison, built with its global team of partners, and commissioned in September 2016. The electricity and renewable energy credits are being sold to Rocky Mountain Power under three separate 20-year power purchase agreements.

References

  1. Brown, Nick (17 December 2012). "Edison Mission Energy files for bankruptcy". Reuters. Retrieved 23 June 2013.
  2. "Midwest Generation files for bankruptcy along with its parent". chicagotribune.com. Retrieved 2020-08-28.
  3. "Edison Mission Energy Plan of Reorganization Approved by U.S. Bankruptcy Court". Edison International. 11 March 2014. Retrieved 23 June 2017.
  4. "NRG Energy buys Edison Mission Energy for $2.6 billion". PowerGrid International, March 12, 2014. Retrieved July 16, 2020.