Hawaii utility Hawaiian Electric Co. has withdrawn its $1.2-billion plan to upgrade oil-fired power plants to burn natural gas after state regulators rejected its planned merger with Florida-based clean-energy firm NextEra Energy Inc.
The dollar value of total construction starts dropped 7% in June, mostly due to a 24% monthly decline in non-building construction, according to Dodge Data & Analytics.
As its separation from Hertz Car Rental finishes up, the newly rebranded equipment firm Herc Rentals celebrated with a ring of the opening bell of the New York Stock Exchange on July 1.
A consortium led by a Russian firm withdrew from leading construction of a $4-billion crude oil processing plant project in Uganda, but is open to returning to the project.