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An international electrical engineering company that powers high-profile destinations like the Kennedy Space Center and Harvard University is moving its headquarters to Bolingbrook.
G & W Electric Company has outgrown its facility in Blue Island, and should be fully operational in Bolingbrook by 2012, said Mayor Roger Claar today during the Bolingbrook Chamber of Commerce’s State of the Village luncheon.
The Illinois House backed a controversial bill Friday that would help Power Holdings of Illinois move forward with a plant slated for Jefferson County that would turn coal into synthetic natural gas.
The bill, SB1927, is the second bill related to synthetic natural gas to move forward in the lame duck session and must pass the senate next week for the governor to sign it into law.
Representatives voted 82 to 31 to pass the bill, which would force state gas utilities to purchase 100 percent of the gas the plant would produce for 10 years: a last-minute amendment to a bill aimed at protecting patients against abuse and neglect. Get the full story »
Private equity firm Blackstone Group Friday struck a deal to buy power producer Dynegy Inc. for $543 million in cash and sell some of the company’s best assets to NRG Energy in the latest shake-up in the electric industry.
The deal values Dynegy at $4.7 billion including debt, which would make it one of the biggest buyouts of a power company since Kohlberg Kravis Roberts, TPG Capital and Goldman Sachs bought TXU for $32 billion in 2007. Get the full story »
