Business

PSO announces large wind energy investment

PSO announces large wind energy investment

The wind farm, now under construction in the Oklahoma panhandle, will generate power from 800 GE 2.5 MW turbines. The project is expected to result in over $7bn savings for SWEPCO and PSO customers over a period of 25 years. Further, AEP predicts that the project will support around 4,000 direct and 4,400 indirect jobs annually during construction, and 80 permanent jobs upon completion, while also contributing approximately $300 million in property taxes over the life of the project.


Robot discovers suspected melted nuke fuel at Fukushima reactor

Robot discovers suspected melted nuke fuel at Fukushima reactor

The lumps are scattered at the bottom of the containment vessel of the No. 3 reactor at the Fukushima No. 1 nuclear power plant. A three-day probe of Unit 3 by the Little Sunfish was concluded Saturday. TEPCO spokesman Takahiro Kimoto said it was the first time a robot camera has captured what is believed to be the melted fuel. "This is a big step towards the decommission process".


Air France-KLM to buy stake in Virgin Atlantic

Air France-KLM to buy stake in Virgin Atlantic

In a letter to staff, Branson said it was an exciting day for the airline, and said he would still remain as the largest individual shareholder and that his new partners all agreed the brand should survive. At the same time Air France will take a stake in Virgin Atlantic Airways Ltd . Air France-KLM is taking a 31% stake, worth £220m, in Virgin Atlantic as part of a four-way joint-venture with U.S.


State to fund half of NYC subway plan: Cuomo

State to fund half of NYC subway plan: Cuomo

The initiative was packaged with a new subway partnership council, which businesses and civic organizations will be able to join at the tune of $250,000 to revamp stations, the governor said. De Blasio criticized Lhota's call for more funding, saying the city has already committed $2.5 billion to the MTA's five-year capital plan, adding that the MTA has only spent a portion of that money.