Fpl Group Inc

FPL Group Inc. plans to finish building and to own a power plant in Blythe that can light about 388,000 homes, doubling the company's electricity output in California. The 517-megawatt plant 200 miles east of Los Angeles was being developed by New York-based Caithness Energy, a closely held company that will keep a stake in the project. Financial terms weren't disclosed. The natural gas-fired plant is scheduled to open in early 2003, the company said. Juno Beach, Fla.

Solar energy is getting a big boost in Southern California with the unveiling of two projects that will be capable of generating a total of 500 megawatts of electricity, enough to serve more than 300,000 homes. Gov. Arnold Schwarzenegger and Southern California Edison plan to announce today the country's largest rooftop solar installation project ever proposed by a utility company. And on Wednesday, FPL Energy, the largest operator of solar power in the U.S.

The proposed $9-billion merger of FPL Group Inc. and Entergy Corp. has hit vaguely defined snags, prompting concerns among analysts about the fate of the deal that would create the nation's largest utility. The companies jointly announced that "certain issues have arisen in connection with their pending merger, including governance structure/value-related issues and integration of the companies going forward." FPL and Entergy officials plan to meet soon in an attempt to deal with the problems.

FPL Group Inc.'s purchase of Constellation Energy Group Inc. in an $11-billion stock deal announced Monday would create one of the nation's largest energy companies and give Constellation additional power to sell through its growing energy trading business. Juno Beach, Fla.-based FPL Group, with operations nationwide, derives most of its revenue from its utility subsidiary, Florida Power & Light. Constellation Energy, based in Baltimore, operates Baltimore Gas and Electric Co.

FPL Group Inc. said differences between projections supplied to it and to investment bankers by Entergy Corp. led to the two companies calling off their proposed $7.6-billion merger. FPL Chief Executive James Broadhead said FPL, one of the largest providers of electricity-related services in the U.S., lost confidence in Entergy's management because of the different forecasts. Broadhead said FPL's confidence was "destroyed" by Entergy's unwillingness to discuss the differences.

FPL Group Inc., the parent of Florida Power & Light Co., agreed to acquire Entergy Corp. in a $6.4-billion deal that would create the No. 1 U.S. electric utility. The news sent shares of FPL lower, reducing the original value of the deal, on disappointment that FPL itself was not the takeover target, arbitrageurs said. Shares of FPL fell $4.56 to close at $48.25 on the NYSE. Entergy fell $3.19 to close at $27.13, also on the NYSE.

FPL Group Inc.'s purchase of Constellation Energy Group Inc. in an $11-billion stock deal announced Monday would create one of the nation's largest energy companies and give Constellation additional power to sell through its growing energy trading business. Juno Beach, Fla.-based FPL Group, with operations nationwide, derives most of its revenue from its utility subsidiary, Florida Power & Light. Constellation Energy, based in Baltimore, operates Baltimore Gas and Electric Co.

Solar energy is getting a big boost in Southern California with the unveiling of two projects that will be capable of generating a total of 500 megawatts of electricity, enough to serve more than 300,000 homes. Gov. Arnold Schwarzenegger and Southern California Edison plan to announce today the country's largest rooftop solar installation project ever proposed by a utility company. And on Wednesday, FPL Energy, the largest operator of solar power in the U.S.

* Southern California Edison signed electricity supply contracts with Competitive Power Ventures Inc. and a unit of FPL Group Inc. to secure 945 megawatts, or enough power for about 614,000 homes. * Weyerhaeuser Co. said it might sell its building materials distribution centers in Canada to Platinum Equity Holdings and had begun talks with a prospective buyer of 10 depots in the U.S.

Citing studies documenting deaths of golden eagles and other raptors in turbines at the Altamont Pass wind farm, the Center for Biological Diversity environmental organization filed suit Monday in U.S. District Court against two major power companies operating in the pass 20 miles east of Oakland. The lawsuit, which seeks punitive and monetary damages, claims that FPL Group Inc.

FPL Group Inc. plans to finish building and to own a power plant in Blythe that can light about 388,000 homes, doubling the company's electricity output in California. The 517-megawatt plant 200 miles east of Los Angeles was being developed by New York-based Caithness Energy, a closely held company that will keep a stake in the project. Financial terms weren't disclosed. The natural gas-fired plant is scheduled to open in early 2003, the company said. Juno Beach, Fla.

FPL Group Inc. said differences between projections supplied to it and to investment bankers by Entergy Corp. led to the two companies calling off their proposed $7.6-billion merger. FPL Chief Executive James Broadhead said FPL, one of the largest providers of electricity-related services in the U.S., lost confidence in Entergy's management because of the different forecasts. Broadhead said FPL's confidence was "destroyed" by Entergy's unwillingness to discuss the differences.

The proposed $9-billion merger of FPL Group Inc. and Entergy Corp. has hit vaguely defined snags, prompting concerns among analysts about the fate of the deal that would create the nation's largest utility. The companies jointly announced that "certain issues have arisen in connection with their pending merger, including governance structure/value-related issues and integration of the companies going forward." FPL and Entergy officials plan to meet soon in an attempt to deal with the problems.

FPL Group Inc., the parent of Florida Power & Light Co., agreed to acquire Entergy Corp. in a $6.4-billion deal that would create the No. 1 U.S. electric utility. The news sent shares of FPL lower, reducing the original value of the deal, on disappointment that FPL itself was not the takeover target, arbitrageurs said. Shares of FPL fell $4.56 to close at $48.25 on the NYSE. Entergy fell $3.19 to close at $27.13, also on the NYSE.

* Upscale women's clothier St. John Knits International Inc. in Irvine posted net income of $7.3 million, or 93 cents a share, for the second quarter, up nearly 38% from $5.3 million, or 65 cents a share, a year earlier. Sales rose 15% to $97.1 million. * FPL Group Inc. plans to finish building and own a power plant in Blythe that can light about 388,000 homes, doubling the company's electricity output in California. * Northrop Grumman Corp.