Brookfield acquires Toshiba’s nuclear division, Westinghouse Electric, for $4.6B Brookfield Business Partners announced Thursday, Jan. 4 that it had agreed to buy Westinghouse Electric, Toshiba’s nuclear unit, in a deal valued at $4.6 billion. The Associated Press reports this deal comes on the heels of Westinghouse Electric Co., a nuclear unit of Toshiba, declaring for … Continue reading #Brookfield acquires #Toshiba ‘s nuclear division, #Westinghouse_Electric, for $4.6B→
Shell to supply energy to UK households after takeover of First Utility Move by Anglo-Dutch oil firm expected to shake up market whose competitiveness has been under intense political scrutiny The Anglo-Dutch oil company Shell will soon be selling electricity and gas direct to householders in the UK for the first time after buying one … Continue reading #Shell to supply energy to UK households after takeover of #First_Utility→
Merger could bring close electric systems closer Jeff Dykes, CEO of BrightRidge, which until last month was known as the Johnson City Power Board, said merging BrightRidge and the Elizabethton Electric Department was a natural thing to study. The two utilities serve neighboring communities and face similar challenges from the Tennessee Valley Authority’s changing electric … Continue reading Merger could bring close electric systems closer→
Vistra Energy to acquire Dynegy in $1.7B all-stock deal A Wall Street Journal report last week caused Dynegy’s stock price to surge, as details emerged that the deal with Vistra was close. The deal was initially reported to be in the works back in May. The deal is another sign of consolidation among independent power … Continue reading #Vistra_Energy to acquire #Dynegy in $1.7B all-stock deal→
Massachusetts AG reviewing report on Eversource, Avangrid constraining pipelines Published last Tuesday, the new EDF report found that local gas distribution utilities owned by Eversource and Avangrid regularly scheduled more gas than they needed, only to cancel some of the orders later in the day — too late for the pipeline space to be resold. … Continue reading Massachusetts AG reviewing report on #Eversource, #Avangrid constraining pipelines→
Virginia energy giant eyes Santee Cooper after nuclear debacle COLUMBIA Late in 2014, a Virginia utility giant purchased a natural gas pipeline system in South Carolina, signaling its growing interest in the Palmetto State’s energy market. Since that time, Dominion Energy has announced plans for a major solar farm in the Lowcountry, built a gas … Continue reading #Virginia_Energy giant eyes #Santee_Cooper after nuclear debacle→
FirstEnergy-LS Power Equity Revise Asset Sale Agreement FirstEnergy Corporation FE announced that the agreement for the sale of competitive natural gas and hydroelectric generation assets to LS Power Equity Partners III, LP has been revised by both companies. Per the revised agreement, FirstEnergy’s subsidiaries, Allegheny Energy Supply Company, LLC, and Allegheny Generating Company, will sell … Continue reading #FirstEnergy – #LS_Power Equity Revise Asset Sale Agreement→
Berkshire Hathaway Outbid By Sempra For Oncor Electric Delivery Sempra Energy (SRE) announced the $9.45 billion cash acquisition of Energy Future Holdings, which indirectly owns 80% of Dallas-based Oncor Energy Delivery, clinching the deal just six weeks after Warren Buffett’s Berkshire Hathaway (BRKB) had struck an agreement to buy the largest electric transmission and distribution … Continue reading #Berkshire_Hathaway Outbid By #Sempra For #Oncor Electric Delivery→
Two U.S. Utility Giants Just Got Even Larger Two major electricity industry takeovers were announced within a few days of each other. Energy Capital Partners, a private equity firm, announced its planned acquisition of Calpine, the nation’s largest generator of electricity using natural gas as a fuel. The acquisition valued Calpine at $17.3 billion ($5.6 … Continue reading Two U.S. Utility Giants Just Got Even Larger→
Avista selling to Canadian firm Hydro One for $5.3 billion Spokane’s homegrown utility, Avista Corp., is being sold for $5.3 billion to a Canadian company. The sale to Hydro One Ltd., described as a friendly acquisition, is expected to be finalized next year. The deal creates one of North America’s largest regulated utilities, but will … Continue reading #Avista selling to Canadian firm #Hydro_One for $5.3 billion→
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