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#Warren_Buffett is building up a ‘recession resistant’ energy powerhouse

Warren Buffett is building up a ‘recession resistant’ energy powerhouse From California to the Midwest, billionaire investor Warren Buffett is steadily building an energy powerhouse. Buffett’s Berkshire Hathaway Energy subsidiary has gobbled up utilities and natural gas pipelines and tapped into clean energy production, including from Southern California’s abundant geothermal resources. The latest move by … Continue reading #Warren_Buffett is building up a ‘recession resistant’ energy powerhouse →

#Itron acquires Georgia-based energy services company in $100 million cash deal

Itron acquires Georgia-based energy services company in $100 million cash deal Liberty Lake-based Itron Inc. has acquired Comverge, a privately held company that provides software, hardware and services to electric utilities implementing demand response and energy efficiency programs. The cash transaction is valued at about $100 million, Itron said Monday. Itron is a leading provider … Continue reading #Itron acquires Georgia-based energy services company in $100 million cash deal →

#Texas utility regulators give initial ‘no’ to #Oncor sale to #NextEra

Texas utility regulators give initial ‘no’ to Oncor sale to NextEra Florida-based NextEra Energy’s proposed purchase of Texas transmission company Oncor Electric Delivery hit a snag Thursday as Texas regulators called the $18.7 billion deal not in the public interest. According to the Dallas Morning News, all three regulators on the Texas Public Utility Commission … Continue reading #Texas utility regulators give initial ‘no’ to #Oncor sale to #NextEra →

#AES dives deeper into clean energy with #SPower acquisition

AES dives deeper into clean energy with SPower acquisition As solar gets to be less of a experimental entrant and more of a mainstream power source, successful solar companies are increasingly being swallowed up by established energy companies. This occurred again today. This morning AES Corporation (NYSE: AES), a global energy company with $14 billion … Continue reading #AES dives deeper into clean energy with #SPower acquisition →

#Blackstone Ends Talks to Buy $5 Billion Stake in #Energy_Transfer Assets

Blackstone Ends Talks to Buy $5 Billion Stake in Energy Transfer Assets Blackstone Group LP is no longer in talks to buy a $5 billion stake in assets owned by Energy Transfer Partners LP, people with knowledge of the matter said. The discussions fell through after the Wall Street Journal reported them last month, said … Continue reading #Blackstone Ends Talks to Buy $5 Billion Stake in #Energy_Transfer Assets →

#Calpine Corp to acquire #Noble_Americas Energy Solutions from Noble Group

Houston-based power company to make $1B acquisition A Houston-based company expects to charge up its operations with the acquisition of a San Diego-based firm. Calpine Corp. (NYSE: CPN), a Houston-based wholesale power generation company, plans to purchase Noble Americas Energy Solutions LLC for around $1 billion, according to a release. The deal is expected to … Continue reading #Calpine Corp to acquire #Noble_Americas Energy Solutions from Noble Group →

#Talen_Energy shareholders sue to block takeover bid

Talen Energy shareholders sue to block takeover bid ALLENTOWN, Pa. – Shareholders of Talen Energy are suing to block a takeover bid of the Allentown-based company. Watch video on WFMZSome shareholders say they’re pursuing a class-action lawsuit to block a buy-out of Talen by the private equity firm Riverstone Holdings.