Tribune staff report | Directors at Integrys Energy Group Inc. approved
Executive Chairman Larry L. Weyers’ request to retire on March 31.
Charles A. Schrock, Integrys president and chief executive officer,
will assume the additional role of chairman effective April 1, as
expected.
Filed under: Energy
Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
Integrys’ Larry Weyers to retire in March
Caterpillar to join FutureGen push
By Mary Ellen Podmolik | Peoria-based Caterpillar Inc., said it would join the FutureGen
Alliance, a public-private partnership dedicated to constructing a
coal-fired, near-zero emissions power plant in downstate Mattoon.
U.S. gas prices fall more than 5 cents
| Staff and AP report | The average price of regular gasoline in the United States fell 5.76 cents over a two-week period to $2.67, according to the national Lundberg Survey of fuel prices released Sunday.
In Chicago, the average price is $2.77 for regular unleaded, down from $2.80 the week before, according the AAA Fuel Gauge report |
See also • Latest Chicago-area gas prices from AAA
|
Exelon to freeze executive pay; Rowe down 40%
By Julie Wernau | Exelon’s John Rowe, CEO of the nation’s largest operator of nuclear power plants, saw his total compensation for 2009 fall 40 percent to $6.3 million, the company disclosed in documents filed with the Securities and Exchange Commission.
At the same time, the company announced it will freeze executive salaries for the first time since Exelon formed through a merger in 2000.
Nisource plans $1B annually in capital spending
By Greg Burns | With demand flagging from steelmakers and other industrial customers, the Merrillville, Ind.-based Nisource reported a 45 percent drop in fourth-quarter earnings — but an aggressive goal for capital expenditures. You’ve got to spend money to make money, says CEO Robert Skaggs Jr. and the figure he has in mind is about $1 billion every year.
Read the full story: Burns on Business
Exelon CEO picked for presidential panel on nuclear waste
From the WSJ: Exelon Corp. CEO John Rowe has been appointment to blue-ribbon panel to study ways to dispose of nuclear waste. Though just selected, it is already coming under fire for its purpose and credibility from the left and right.
Read about the commission: WSJ’s Washington Wire blog
Nisource fourth-quarter profit drops
Tribune staff report | Sales at Merrillville, Ind. energy company Nisource grew about 1 percent in the fourth-quarter but earnings was $88.5 million or $0.32 per share, down 30 percent from $127.5 million profit in the same quarter last year. Analysts were expecting about 37 cents per share.
