Duke Energy Corp. is returning to the pipeline business as the co-owner of a new
$5 billion natural-gas line that will run from West Virginia to the southeast corner
of North Carolina. The electricity giant spun off its natural-gas division as Spectra
Energy Corp. in 2007. But Duke now needs a steady supply of natural gas,
especially for customers in eastern North Carolina it gained by its 2012 merger
with Progress Energy Inc., said Lynn Good, chief executive of Duke, which is
based in Charlotte, N.C. From the Wall Street Journal
Chevron has finalized the sale of its renewable-energy subsidiary, Chevron
Energy Solutions, to OpTerra Energy Services, a Chevron spokesman confirmed
on Tuesday. The sale, on Aug. 29, marks the latest in a series of moves away
from renewables by the oil company. From BusinessWeek
Melrose Industries is gearing up to sell its Elster water business as the
engineering turnround specialist became the latest UK company to be hit by a
strong pound. The company, which operates a private equity-like business model,
on Thursday said it had improved profitability at Elster, the German manufacturer
of utility meters, by almost 50 per cent since its acquisition in 2012 for £1.8bn. From the Financial Times
MAJOR BHP Billiton shareholders in the company’s three key listings are backing
chief executive Andrew Mackenzie’s $17 billion demerger proposal, making it
almost certain it will pass a planned shareholder vote. London, Australian and
South African shareholders have all told The Australian the demerger was a good
idea. Aberdeen Asset Managers, the second-biggest holder of BHP’s Londonlisted
stock has backed the plan. From The Australian
Power and industrial technology provider ABB has signed a deal with Salesforce
that will see the two companies work to enhance and tailor the latter’s flagship
CRM platform for power, utilities and industrial automation applications.As part of
the deal ABB plans to implement Salesforce to support its global sales
organisation. All of the data contained in the firm’s legacy CRM platform across
its global business units and subsidiaries will be migrated over to Salesforce. From Business Cloud News
