Macquarie bid to buy Louisiana utility rejected by regulator Louisiana regulators rejected a $US3.4 billion takeover of utility-owner Cleco by an investor group led by Macquarie Group. The Louisiana Public Service Commission voted 3-2 against the transaction at a meeting Wednesday. The decision comes after a regulatory judge said in a recommendation last week that … Continue reading Macquarie bid to buy Louisiana utility rejected by regulator→
Dynegy, Energy Capital to buy Engie’s U.S. power plants U.S. electric power company Dynegy Inc (DYN.N) said it had partnered with private equity firm Energy Capital Partners to buy French utility Engie SA’s (ENGIE.PA) U.S. power plants worth $3.3 billion to expand in regulated power markets. Falling demand for electricity in the United States due … Continue reading #Dynegy, #Energy_Capital to buy #Engie ‘s U.S. power plants→
DPL Inc. sells its retail electric arm The parent compnay of Dayton Power & Light has sold its retail electric service. DPL Inc., a subsidiary of AES (NYSE:AES) and the parent company of Dayton Power & Light, has sold its competitive retail electric service provider, DPL Energy Resources, Inc., to IGS Energy, a Dublin, Ohio-based … Continue reading #DPL_Inc. sells its retail electric arm #AES→
GSA asks regulators to reject Pepco-Exelon deal The U.S. agency that pays the government’s electric bills and is the largest consumer of energy in the nation’s capital has urged D.C. regulators to reject a multibillion-dollar utility industry merger unless it provides a better deal for U.S. taxpayers, according to a new filing in the case. … Continue reading #GSA urges regulators to reject current #Pepco – #Exelon merger deal→
New Bid From NextEra in Energy Future Bankruptcy NextEra Energy Inc. on Wednesday offered to buy Energy Future Holdings Corp.’s Oncor transmissions business, which is slated to be sold to an investment group led by Hunt Consolidated. NextEra, a Florida power company, flung down the gauntlet in a filing with the U.S. Bankruptcy Court in … Continue reading New Bid From #NextEra in Energy Future Bankruptcy→
Duke’s $6.7B Piedmont purchase digs heels deeper into gas Duke Energy Corp. has become the latest electric utility to buy a natural gas company, giving the energy giant more growth opportunities than what it could do on its own, analysts said. The nation’s largest electric company yesterday said it will buy Piedmont Natural Gas Company … Continue reading #Duke ‘s $6.7B #Piedmont purchase digs heels deeper into gas→
Duke Energy purchases California energy management company Duke Energy’s commercial business is looking to expand its portfolio again with the purchase of a majority stake in a California-based energy management company. Duke is not disclosing the purchase price for its controlling share of Phoenix Energy Technologies based in Irvine, Calif. But as in its purchase … Continue reading #Duke_Energy purchases California energy management company→
Exelon-Pepco merger could create largest U.S. electric utility The proposed merger of Exelon Corporation and Pepco Holdings Inc. would, if approved, create the largest electric utility holding company in the United States as measured by number of customers. The combined 8.5 million customers served by the new Exelon would surpass the number of customers served … Continue reading #Exelon – #Pepco merger could create largest U.S. electric utility→
Barbarians at the Gate? Did you ever think you’d see the day when a utility as big and well thought of as Oncor would be swapped around like a used car and end up as a real estate investment trust? “Barbarians at the gate” was a phrase used to describe the various non-Roman cultures that … Continue reading Barbarians at the Gate?→
Calpine Corporation (CPN) to Acquire Granite Ridge Energy Center in $500M Deal Calpine Corporation (NYSE: CPN) announced that it has agreed to acquire the Granite Ridge Energy Center from Granite Ridge Holdings, LLC for $500 million, or approximately $671 per kilowatt, subject to working capital adjustments. The 745 megawatt, combined-cycle, gas-fired power plant is located … Continue reading Calpine Corporation (#CPN) to Acquire #Granite_Ridge_Energy_Center in $500M Deal→
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