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• AREVA Releases 2009 Financial Numbers

  AREVA expanded its backlog and increased its revenues compared with 2008, on strong installed base business and dynamic major projects, fostering growth in operating income of 240 million euros - Edited by Stephen Heiser - AREVA's Annual results 2009 Highlights: • For the group as a whole, including Transmission & Distribution o Backlog: €49.4bn (+2.5%) o Revenues: €14bn (+6.4%) o Operating income: €501m (+20.1%) • Nuclear and Renewable Energies perimeter: o Backlog: €43.3bn (+1.8%) o Strong revenue growth: +5.4% to €8.5bn o Operating income before provision for the Finnish project in the first half of 2009: €647m o Operating income: €97m, for a €240m increase from 2008 • Net income attributable to equity holders of the parent: €552m, i.e. €15.59 per share • Net debt: €6,193m • Pro forma net debt, including net cash to be received from the sale of T&D in 2010: €3,022m • Dividend of €7.06 per share to be proposed during the Annual General Meeting of Shareholders of April 29, 2010... Posted Mar 05 2010, 08:54 AM by steveheiser with | with no comments Filed under: earnings, financials, AREVA, ENERGY, nuclear, power, 2010, results, 2009, backlog, areva t&d, 2012, guidance

• Constellation Energy Reports 2009 Numbers

  Year-over-year GAAP results primarily reflect the 2009 gain on the EDF transaction, as compared to merger-related costs and impairment losses incurred during 2008 - By Stephen Heiser Constellation Energy has reported adjusted earnings of $3.36 per share for the full year 2009, compared to $3.57 per share in 2008. Adjusted earnings exclude the cumulative effects of changes in accounting principles, discontinued operations and special items (which are defined as significant items that are not related to our ongoing, underlying business or which distort comparability of results). On a generally accepted accounting principles (GAAP) basis, the company earned $22.19 per share in 2009, as compared to a loss of $7.34 per share in 2008. Year-over-year GAAP results primarily reflect the 2009 gain on the EDF transaction, as compared to merger-related costs and impairment losses incurred during 2008. ... Posted Feb 24 2010, 08:03 AM by steveheiser with | with no comments Filed under: earnings, financials, Constellation Energy , EDF, report, 2010, constellation, 2009, electricite de France, full year, fy, share

• Khan Announces Take Over Bid From CNNC at C$0.96 Per Common Share

  The CNNC Offer will be in the form of a take-over bid. The definitive agreement provides for customary Board support and non-solicitation covenants subject to customary "fiduciary out" provisions entitling Khan to consider and accept an unsolicited superior offer - By Mark McFadden - Khan Resources Inc. has announced that is has entered into a definitive agreement with CNNC Overseas Uranium Holding Ltd. ("CNNC"), a Chinese nuclear energy corporation based in Beijing and an indirect wholly owned subsidiary of China National Nuclear Corporation, pursuant to which CNNC has agreed to acquire all of Khan's outstanding common shares for C$0.96 per share in cash (the "CNNC Offer"). The CNNC Offer represents a premium of approximately 118% to the closing share price prior to the Atomredmetzoloto JSC ("ARMZ") unsolicited bid, and a 48% premium to the unsolicited C$0.65 per share bid. ... Posted Feb 08 2010, 08:01 AM by steveheiser with | with no comments Filed under: China, uranium, financials, Russia, Canada, ENERGY, nuclear, power, Khan Resources, China National Nuclear Corporation, cnnc, Atomredmetzoloto JSC, take over, bid, armz, CNNC Overseas Uranium Holding Ltd.

• Siemens’ Profit From Operations Up In Q1

  In the first quarter of fiscal 2010, which ended on December 31, 2009, Siemens generated revenue of €17.4 billion - By Linton Levy - Löscher: “Our actions early on are cushioning us from the ongoing repercussions of the recession.” Siemens was again profitable in the first quarter of the new fiscal year. Despite declining revenue, nearly all the company’s businesses reached their defined margin targets. ... Posted Jan 27 2010, 08:40 AM by steveheiser with | with no comments Filed under: earnings, financials, Siemens, ENERGY, nuclear, power, quarterlies, profit, Q1, Peter Löscher, first quarter, Löscher

• Babcock & Wilcox To Become Standalone Public Company

  Parent Company McDermott International, Inc. to Separate Its Subsidiaries Through Spin-Off of B&W - By Linton Levy - The Babcock & Wilcox Company (“B&W”) has announced that its parent company, McDermott International, Inc. (“McDermott”), plans to separate its operating... Posted Dec 08 2009, 08:50 AM by steveheiser with | with no comments Filed under: financials, Babcock & Wilcox, B&W, babcock, spin-off, split, independent, stand alone

• AREVA’s Supervisory Board Enters Into Exclusive Negotiations With Alstom/Schneider

  Sale of the Transmission & Distribution Business - By Stephen Heiser - On June 30, 2009, having reviewed the group’s development plan, the AREVA Supervisory Board asked AREVA’s Executive Board to initiate a process for the sale of the Transmission and Distribution business. At the close... Posted Dec 02 2009, 08:55 AM by steveheiser with | with no comments Filed under: mergers, acquisitions, financials, AREVA, sale, areva t&d

• Edison International Reports Q3 2009 Results

  SCE’s third quarter 2009 GAAP earnings were $1.06 per share compared to $0.72 per share in the third quarter 2008 - By Mark McFadden - Edison International has reported third quarter 2009 GAAP earnings of $1.23 per share, compared to $1.33 per share in the same quarter last year. Third quarter... Posted Nov 10 2009, 08:20 AM by steveheiser with | with no comments Filed under: earnings, financials, SCE, quarterlies, results, Edison

• NRG Energy, Reports Record Q3 Results; Initiates 2010 Guidance

  Adjusted EBITDA, excluding MtM impacts, was a record of $906 million for the third quarter of 2009 compared to $682 million in the third quarter of 2008 - By April Murelio - NRG Energy, Inc. has reported net income for the three months ended September 30, 2009, of $278 million, or $1.02 per diluted common... Posted Nov 06 2009, 08:22 AM by steveheiser with | with no comments Filed under: earnings, financials, NRG, Reliant, NRG Energy, quarterlies, reporting, ebitda

• Shaw Reports Q4 And Record Fiscal Year 2009 Financial Results

  Record annual revenue of $7.3 billion, Record annual operating cash flow of $716.9 million, Record cash of $1.5 billion, Record annual new awards of $14.4 billion - By Stephen Heiser - The Shaw Group Inc. has reported financial results for the fourth quarter and fiscal year ended Aug. 31, 2009. For the... Posted Nov 02 2009, 08:55 AM by steveheiser with | with no comments Filed under: earnings, financials, Shaw, Shaw Group, ENERGY, nuclear, power, quartlies

• SCANA Reports Financial Results for Q3 And Year-To-Date 2009, Updates 2009 Earnings Guidance

  For the three months ended September 30, 2009, SCANA’s reported earnings were $103 million or 84 cents per share, compared to $94 million, or 80 cents per share for the same period in 2008 - By Linton Levy - SCANA Corporation has announced financial results for the three and nine months ended September... Posted Oct 29 2009, 08:41 AM by steveheiser with | with no comments Filed under: earnings, financials, SCANA, quarterlies, South Carolina Electric & Gas Company

• Update On The Sale Process Of AREVA T&D

  Group will be paying particular attention not only to the price proposed, but also to the industrial and labor projects - By April Murelio - AREVA has selected three potential buyers to move on to the second phase of the T&D sale process, during which the offers will be further detailed, improved... Posted Oct 05 2009, 08:30 AM by steveheiser with | with no comments Filed under: financials, AREVA, ENERGY, nuclear, power, assets, sales, areva t&d, buyers

• AREVA's First Bond Issue A Success

  Bond issue will lengthen significantly the average maturity of AREVA’s debt and support the group’s development program - By Mark McFadden - AREVA has launched and priced successfully a EUR 2.250 billion inaugural bond issue, comprising a EUR 1.250 billion 7-year tranche (bond due in September... Posted Sep 18 2009, 08:08 AM by steveheiser with | with no comments Filed under: financials, AREVA, ENERGY, nuclear, power, bonds, issue

• AREVA First Half 2009; Backlog of 48.876 billion, Sales revenue of 6.522 billion euro

  The Supervisory Board of the AREVA group has met under the chairmanship of Jean-Cyril Spinetta to examine the financial statements for the first half of 2009, as submitted by the Executive Board - By Stephen Heiser - Results for the First Half of 2009: •Backlog of 48.876 billion euro: +28% compared... Posted Sep 01 2009, 08:55 AM by steveheiser with | with no comments Filed under: financials, AREVA, ENERGY, nuclear, power, sales, backlog, first half

• Thorium Power to Host Q2 Fiscal 2009 Conference Call on August 25, 2009

  Company will provide an update in reference to the second quarter 2009 earnings report - By Stephen Heiser - Thorium Power, Ltd. (OTCBB: THPW), a leading developer of non-proliferative nuclear fuel technology and provider of comprehensive advisory services for civil nuclear energy programs, today announced... Posted Aug 25 2009, 08:56 AM by steveheiser with | with no comments Filed under: financials, Thorium, ENERGY, Thorium Power, nuclear, power

• Shaw Rings In New Ticker “SHAW” With Friday's NYSE Opening Bell

  Event marks the change of the company’s ticker symbol from “SGR” to “SHAW” - By Stephen Heiser - J.M. Bernhard Jr., chairman, president and chief executive officer of The Shaw Group Inc. (NYSE:SHAW), opened trading at the New York Stock Exchange Friday by ringing the ceremonial... Posted Aug 24 2009, 08:45 AM by steveheiser with | with 2 comment(s) Filed under: financials, Shaw, Shaw Group, stock, ENERGY, nuclear, power, ticker, nyse