San Diego News

Wed, Dec 26, 2012

Federal regulators Wednesday pressed the operator of the San Onofre nuclear power plant for more analysis on its damaged steam generators, as the government considers when -- or if -- one of the seaside reactors can be restarted safely.


The 2013 San Diego International Auto Show will motor in Thursday through Sunday at the San Diego Convention Center.


With the closing Monday of a transaction for $734 million in tax-exempt bond financing, construction of the long-awaited seawater desalination plant in Carlsbad is set to begin within the next several days.


Poseidon Resources (Channelside) LP, a subsidiary of Poseidon Water LLC, has closed the $922 million financing and secured all funding needed to build the Carlsbad Desalination Project.


Sempra U.S. Gas & Power has entered into a definitive agreement to sell one 625-megawatt (MW) block of its 1,250 MW Mesquite Power natural gas-fired power plant to the Salt River Project (SRP) Agricultural Improvement and Power District for $371 million.


FINANCE | BIOTECH

Acadia Pharmaceuticals (Nasdaq: ACAD) raised $173 million after expenses through a stock sale this month.


Acadia Pharmaceuticals Inc. announced it raised $173 million, after expenses, through the sale of 10.6 million shares of stock, and an additional sale of 1.1 million shares of stock to the underwriters of the sale, and Kratos Defense & Security Solutions Inc. announced it received an $8 million order for specialized equipment related to a certain missile defense program, according to company announcements, SEC filings and Bloomberg News.


The following "Local Notes" appeared in The Daily Transcript's Dec. 27, issue:


(AP) -- Officials have been scrambling to repair a levee in East Palo Alto that was breached during heavy rains over the weekend.



Wed, Dec 26, 2012

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