Great Plains Energy to buy rival Kansas utility Westar for $8.6B As electric utilities across the country feel the squeeze of low commodity prices, stagnating electricity demand and regulatory pressures, an increasing number are turning to consolidation to shore up revenues and ensure financial stability. Already this year, Dominon announced plans to buy natural gas … Continue reading #Great_Plains_Energy to buy rival Kansas utility #Westar for $8.6B→
Energy Future Files New Chapter 11 Exit Plan Court papers indicate NextEra Energy or others could bid for Energy Future’s Oncor business The fate of Energy Future Holdings Corp.’s transmissions business, Oncor, is once again up in the air, under a new bankruptcy exit plan for the Dallas electricity giant. Oncor, a business that carries … Continue reading #Energy_Future Files New Chapter 11 Exit Plan #NextEra #Oncor→
Oracle buys Opower, and the role of energy data grows Software giant Oracle Corp. yesterday snapped up energy data company Opower for $532 million, underscoring how important it has become for utilities to give their customers a better digital experience. The acquisition follows Honeywell International’s $5.1 billion purchase of Melrose Industries’ metering company Elster in … Continue reading #Oracle buys #Opower, and the role of energy data grows→
Energy M&A stalls as buyers see little they want “The market for sub-performing or poor-quality assets is really not there,” an expert says. Energy industry deals declined in the first quarter from a year ago, as would-be acquirers remained locked out of capital markets and others saw little they wanted to buy, a new report … Continue reading Energy M&A stalls as buyers see little they want→
Energy Transfer Equity’s Merger With Williams Is Crumbling I continue to be amazed by just how bizarre the merger process between Energy Transfer Equity (NYSE:ETE) and Williams (NYSE:WMB) is unfolding. Publicly, both companies are all for it. Though, privately, both are trying to scuttle the deal by any means possible. Now, we get news that … Continue reading #Energy_Transfer_Equity ‘s Merger With #Williams Is Crumbling→
The Train Wreck Between William Companies and Energy Transfer Equity Appears Ready to Implode The much maligned merger of Williams Companies (NYSE:WMB) and Energy Transfer Equity (NYSE:ETE) took another interesting twist this week. That’s after Williams Companies sued Energy Transfer Equity to block a private preferred share offering it was undertaking to help pay for … Continue reading The Train Wreck Between #William_Companies and #Energy_Transfer_Equity Appears Ready to Implode→
Bruce buys $22.2 Million stake in CMS Energy Corporation (CMS) CMS Energy Corporation (CMS) : Bruce scooped up 210,300 additional shares in CMS Energy Corporation during the Q4 period, according to a recent disclosure to the SEC. The investment management firm now holds a total of 538,300 shares of CMS Energy Corporation which is valued … Continue reading #Bruce buys $22.2 Million stake in CMS Energy Corporation (#CMS)→
Bruce buys $22.2 Million stake in CMS Energy Corporation (CMS) CMS Energy Corporation (CMS) : Bruce scooped up 210,300 additional shares in CMS Energy Corporation during the Q4 period, according to a recent disclosure to the SEC. The investment management firm now holds a total of 538,300 shares of CMS Energy Corporation which is valued … Continue reading #Bruce buys $22.2 Million stake in #CMS_Energy_Corporation (#CMS)→
EXELON CORPORATION AND PEPCO HOLDINGS, INC. ARE NOW ONE COMPANY Exelon Corporation (NYSE: EXC) and Pepco Holdings, Inc. (NYSE: POM) announced on March 23 that the two companies have completed their merger transaction. The announcement follows the approval of the merger by the Public Service Commission of the District of Columbia (DC PSC). The merger … Continue reading EXELON CORPORATION AND PEPCO HOLDINGS, INC. ARE NOW ONE COMPANY→
California regulators approve $12B merger of Southern Co., AGL Resources California regulators have signed off on the Southern-AGL deal, and the companies say they expect to close the merger in the second half of this year. AGL Resources is the parent company of Central Valley Gas Storage, a natural gas storage facility located in the … Continue reading #California regulators approve $12B merger of #Southern_Co ., #AGL_Resources→
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