Marketwire - Nuclear

Nolen Steps Down as Cleco Corp. CFO, Davis Named Interim

Fri, 09 May 2008 16:30:00 EDT

PINEVILLE, LA--(Marketwire - May 9, 2008) - Cleco Corp. (NYSE: CNL) announced today that Kathleen Nolen, senior vice president and chief financial officer (CFO), is leaving the company effective May 31. Russell Davis, vice president and chief accounting officer, will serve as interim CFO.

Nolen will join the staff of The Rapides Foundation, a $230 million endowed charitable foundation devoted to improving the health status of central Louisiana.

Crosshair to Commence Trading on The Toronto Stock Exchange

Fri, 09 May 2008 11:26:00 EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 9, 2008) - Crosshair Exploration & Mining Corp. (TSX VENTURE:CXX)(AMEX:CXZ) is pleased to announce that its common shares and warrants have been approved for listing and will begin trading on The Toronto Stock Exchange Monday, May 12, 2008. Crosshair's common shares will continue to trade under the symbol "CXX" and its warrants under the symbol "CXX.WT". Its common shares and warrants will no longer trade on the TSX Venture Exchange. "Crosshair's graduation to the TSX represents an important milestone in the company's growth", says Mark Morabito, CEO of Crosshair. "This listing will enhance Crosshair's visibility and provide access to a larger shareholder base."

Two Power Plants Forced Offline After Wednesday's Blackout in Trinidad and Tobago, an Industrial Info News Alert

Fri, 09 May 2008 05:00:00 EDT

CORDOBA, ARGENTINA--(Marketwire - May 9, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- On Wednesday, a fault at one of Trinidad and Tobago's transmission lines caused a blackout, which affected the northwestern part of the country. The areas that were affected are Chaguaramas, Carenage, Diego Martin, PetitValley, Diamond Vale and Westmoorings.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=132605, or browse other breaking industrial news stories at www.industrialinfo.com.

Woodchips for Energy; Green Energy Resources Targets 15% Market Share of Growing Northeast US Biomass Markets and Looks to Develop a Green BioEnergy Port in New York City Area

Thu, 08 May 2008 09:57:00 EDT

NEW YORK, NY--(Marketwire - May 8, 2008) - Green Energy Resources (PINKSHEETS: GRGR) has targeted the Northeast US for supply contracts. The current market is approximately 1.5 million tons valued under $40 million dollars and is expected to quadruple within the next 3 years to over $500 million dollars with the addition of several new well publicized biomass, ethanol and wood pellet plants. Green Energy Resources has set a goal of 15% market share over the next 5 years.

El Paso Corporation Reports 83 Percent Increase in First Quarter Adjusted EPS

Thu, 08 May 2008 07:30:00 EDT

HOUSTON, TX--(Marketwire - May 8, 2008) - El Paso Corporation (NYSE: EP) is reporting today first quarter 2008 financial and operational results for the company.

Highlights:

--  $0.29 earnings per diluted share from continuing operations versus a
    loss of $0.08 in 2007
--  Pipeline earnings before interest expense and taxes (EBIT) and
    throughput up 5 percent and 7 percent, respectively, from first quarter
    2007
--  Exploration & Production (E&P) EBIT up 35 percent versus first quarter
    2007
--  Production, including unconsolidated affiliate volumes, totaled 886
    million cubic feet equivalent per day (MMcfe/d) -- an 8 percent increase
    over first quarter 2007
--  Expanded hedge position for 2008 and 2009. Oil hedges for 2009 ensure
    approximately $105 million of incremental revenues versus 2008.

Kentucky Fuel Associates, Inc. and Their Strategic Partner Fuel Frontiers, Inc. Plan Announcement With 15th District State Representative Brent Yonts for Two 'Coal to Liquid' Plants to Be Built in Western Kentucky

Wed, 07 May 2008 12:53:00 EDT

WASHINGTON, DC--(Marketwire - May 7, 2008) - Today, Nuclear Solutions, Inc. (OTCBB: NSOL) issued the following statement: An announcement is to be made on Monday, May 12, 2008 by 15th District State Representative Brent Yonts at the Muhlenberg "One Stop" Retraining Center located in Powderly, Kentucky. This will be the formal announcement signaling the awarding of the $625,000 grant from a local government and the start of the engineering of two "Coal to Liquid" plants to be built in Western Kentucky by Kentucky Fuel Associates, Inc. and their strategic partner Fuel Frontiers, Inc.

Prospect Capital Schedules Third Fiscal Quarter Earnings Release and Conference Call

Wed, 07 May 2008 12:21:00 EDT

NEW YORK, NY--(Marketwire - May 7, 2008) - Prospect Capital Corporation (NASDAQ: PSEC) (the "Company") announced today that it expects to file with the Securities and Exchange Commission its report on Form 10-Q containing its third fiscal quarter results for the period ended March 31, 2008, by Monday, May 12, 2008. The Company expects to issue its earnings press release before the opening of the financial markets on Tuesday, May 13, 2008.

El Paso Corporation Pipelines Become 'Founding Reporters' of The Climate Registry

Wed, 07 May 2008 11:57:00 EDT

Industry Leader Takes Action on Climate Change

E.ON Benelux Halts Construction of 1,070-Megawatt Plant in Netherlands, an Industrial Info News Alert

Wed, 07 May 2008 07:00:00 EDT

CORDOBA, ARGENTINA--(Marketwire - May 7, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- E.ON Benelux, a part of E.ON AG (PINKSHEETS:EONGY), was forced to temporarily halt the construction of a coal-and-biomass-fired power plant on the Maasvlakte harbor in Rotterdam, Netherlands. E.ON had begun groundwork, assuming that only a license was required for the operation stage. Construction work will be halted to prevent interference with neighboring company Lyondell.

Heavy Electrical Giants in India Set to Grow in the Global Arena, an Industrial Info News Alert

Wed, 07 May 2008 06:00:00 EDT

BANGALORE, INDIA--(Marketwire - May 7, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Bharat Heavy Electricals Limited (BHEL) (New Delhi) has bagged a $137.5 million export contract to supply two 135-megawatt, environment-friendly circulating fluidized bed combustion (CFBC) boilers and auxiliaries to Koniambo Nickel SAS (New Caledonia).

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=132482, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Power Producers Play Vital Role in Supplying Energy Needs for Process and Manufacturing Industries, an Industrial Info News Alert

Wed, 07 May 2008 05:00:00 EDT

SUGAR LAND, TX--(Marketwire - May 7, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Many of North America's processing and manufacturing plants rely on on-site power generation to supply their energy needs. These plants are referred to as Industrial Energy Producers (IEPs) and are home to on-site power generation, back-up generators or cogeneration facilities. In short, IEPs are power plants in facilities outside the Power Industry. Industrial Info maintains key information on IEPs as part of our Power Industry Database. Currently, the amount of electrical capacity exceeds 29,000 megawatts in 2,418 operational units.

Cleco Corp. Posts 2008 First-Quarter Net Income of $22.1 Million

Tue, 06 May 2008 17:44:00 EDT

PINEVILLE, LA--(Marketwire - May 6, 2008) - Cleco Corp. (NYSE: CNL) reported today 2008 first-quarter net income applicable to common stock of $22.1 million, up $13.9 million from the $8.2 million recorded in the first quarter of 2007.

On an earnings per share (EPS) basis, Cleco recorded earnings of $0.37 per diluted share, up $0.23 per share from the $0.14 per share recorded in the first quarter of 2007.

Results were driven mainly by $0.18 per share of higher AFUDC (allowance for funds used during construction) from Cleco Power associated with the Rodemacher Unit 3 project.

EnergySolutions Seeks Judicial Clarification of NW Compact Authority

Mon, 05 May 2008 23:00:00 EDT

SALT LAKE CITY, UT--(Marketwire - May 5, 2008) - EnergySolutions, Inc. (NYSE: ES) announced today that its subsidiary, EnergySolutions, LLC has filed a declaratory judgment action in the U.S. District Court in Utah seeking a determination that the Northwest Interstate Compact on Low-Level Radioactive Waste Management (the "Northwest Compact") lacks authority over EnergySolutions' Clive, Utah facility.

"This action is intended to clarify whether the Northwest Compact has authority to restrict or control the operations of our Clive facility, and therefore prohibit the company from undertaking an important international project," said Steve Creamer, CEO of EnergySolutions.

EnergySolutions Announces Quarterly Dividend

Mon, 05 May 2008 08:32:00 EDT

SALT LAKE CITY, UT--(Marketwire - May 5, 2008) - EnergySolutions, Inc. (NYSE: ES) today announced that the board of directors has declared a quarterly dividend of $0.025 per share that will be paid on June 13, 2008, to stockholders of record on May 30, 2008.

EnergySolutions offers customers a full range of integrated services and solutions, including nuclear operations, characterization, decommissioning, decontamination, site closure, transportation, nuclear materials management, the safe, secure disposition of nuclear waste, and research and engineering services across the fuel cycle.

Bancroft Metallurgical Test Results Show 91.4% Recovery for Uranium

Mon, 05 May 2008 07:00:00 EDT

SCOTTSDALE, AZ--(Marketwire - May 5, 2008) - Bancroft Uranium Inc. (OTCBB: BCFT) ("Bancroft" or the "Company") is pleased to report on metallurgical testing conducted by SGS Lakefield Research on samples submitted from the Monmouth Uranium Project, Bancroft, Ontario.

Metallurgical tests on samples of the uranium-bearing Monmouth rock were conducted by SGS Mineral Services Laboratory at Lakefield, Ontario. Their report concludes that 91.4% recovery of the uranium can be achieved through simple gravity separation. The optimal grind of the soft limestone host rock is 348 microns or 0.3mm in size. SGS also concludes that "uranium was effectively concentrated by gravity separation" and was concentrated into a commercial grade of 31% from the initial mass of 0.11%. These results far exceed the gravity separation and heavy liquid test work conducted by Lakefield Research in 1969 which showed an 82.1% recovery and a 7.75% c