A Chicago company announced Tuesday that it has sold its stakes in two coal-burning power plants in Bakersfield to a Japanese company.
Exelon Corp.'s deal with Tokyo-based IHI Corp. covers five California power plants. The two in Kern -- Rio Bravo Jasmin and Rio Bravo Poso -- are 40-megawatt combined heat and power plants. Terms of the sale were not disclosed.
Exelon acquired a roughly 50 percent stake in both plants when it merged with Baltimore-based Constellation Energy Group Inc. in March.
Exelon recently asked state regulators for a deadline extension to meet greenhouse gas emissions rules while it converted the two plants to a cleaner-burning fuel. It was unclear whether that deadline was granted, and Exelon could not be reached for comment Tuesday.
that it says saves customers the expense of buying new hardware.
ARRC's Back Up and Disaster Recovery solution stores data at off-site facilities for future retrieval. The company monitors the back-up process, which runs as often as every 15 minutes through a proprietary electronic portal.
Patrick James, a Fresno-based men's clothing retailer with a store in Bakersfield, is celebrating 50 years in business.
Founder Patrick Mon Pere Sr. was recently awarded a lifetime achievement award by MR Magazine, a trade publication serving the menswear industry.
The Bakersfield store is located at The Marketplace, 9000 Ming Ave.
Keller Williams Realty Inc., a national real estate company with offices in Bakersfield, won the top ranking in a new J.D. Power and Associates customer satisfaction study.
The company ranked highest in two segments: homebuyers -- in which J.D. Power measured satisfaction with the company's salesperson, office and various services -- as well as home sellers, which also looked at the company's marketing efforts.