Exelon-Pepco merger decision appealed The Office of People’s Counsel announced Thursday it was appealing a decision by Maryland regulators to approve a $6.9 billion merger between Baltimore Gas and Electric Co. parent Exelon Corp. and Pepco Holdings. The merger, which also needs the approval of regulators in Washington, drew opposition from critics who worried it … Continue reading #Exelon – #Pepco merger decision appealed
NextEra sweetens deal for HECO customers in buyout HONOLULU (HawaiiNewsNow) – NextEra Energy Inc. plans to expand Hawaiian Electric Co.’s smart meter pilot project to nearly all of its 450,000 customers in Hawaii. That’s a key highlight of the Florida company’s latest filing, in which NextEra promises 50 new conditions or benefits for consumers as … Continue reading #NextEra sweetens deal for #HECO customers in buyout
Profit Pressures Push Power Companies To Merge, But Regulators Pose Wildcard Mergers are uncertain marriages. Witness Tuesday’s rejection of the Exelon EXC Corp. and Pepco Holdings POM Deal. That dumping by state regulators, though, may not apply to the Southern Co and AGL Resources GAS proposal announced Monday. It’s all about future growth, although the … Continue reading Profit Pressures Push Power Companies To Merge, But Regulators Pose Wildcard #EXC, #POM, #SO, #GAS
EDF Renewable Energy Acquires OWNEnergy North American EDF Renewable Energy announced Tuesday that it has completed the acquisition of OwnEnergy. EDF Renewable Energy is one of the largest developers of renewable energy in North America, currently with 6 GW worth of wind, solar, biomass, biogas, and solar storage projects developed and a total installed capacity … Continue reading #EDF Renewable Energy Acquires #OWNEnergy
Exelon Denial Signals Battles Over $40 Billion in Utility Deals The rejection of Exelon Corp.’s $6.8 billion takeover of Pepco Holdings Inc. proved a warning for an industry trying to gain approval for $40 billion worth of deals: Be ready for an uphill battle with local regulators. The District of Columbia’s move to block the … Continue reading #Exelon Denial Signals Battles Over $40 Billion in Utility Deals
DC Regulators Block Exelon’s $6.8B Takeover of Pepco Washington, D.C. isn’t OK with handing over its hometown utility to Exelon. On Tuesday, the D.C. Public Service Commission denied Exelon’s $6.8 billion takeover of Pepco Holdings, dealing a major blow to one of the country’s biggest utility merger deals. The commission voted unanimously to reject Exelon’s … Continue reading DC Regulators Block #Exelon ’s $6.8B Takeover of #Pepco
NextEra’s $4.3B Acquisition of HEI Opposed by Hawaii State Agencies, Governor Last month, the proposed $4.3 billion NextEra Energy acquisition of Hawaii’s electric utility HEI was approved by utility shareholders. In April, the Federal Energy Regulatory Commission approved the proposed acquisition. But the big hurdle is Hawaii’s Public Utilities Commission (PUC). The acquisition still requires … Continue reading #NextEra ’s $4.3B Acquisition of #HEI Opposed by Hawaii State Agencies, Governor
Energy Companies to Merge in $15.8 Billion Deal A partnership controlled by Marathon Petroleum Corp., a refinery and pipeline company, will buy MarkWest Energy Partners LP for $15.8 billion in one of the biggest oil-patch deals since crude prices began to slump last summer. The deal will marry Marathon’s oil pipeline network with MarkWest’s business … Continue reading Energy Companies to Merge in $15.8 Billion Deal
Shell Energy Buys Morgan Stanley’s European Gas, Power Trading Portfolio LONDON–Shell Energy Europe Ltd. said Friday it has signed an agreement to buy Morgan Stanley & Co. International PLC’s European gas and power trading portfolio for an undisclosed sum. Read full article at Nasdaq
Pipeline Giant Williams Rejects $64 A Share Takeover Bid From Energy Transfer Pipeline giant The Williams Companies on Sunday rejected a $64 a share all-stock takeover offer from competitor Energy Transfer. The move comes as Williams works to reconfigure its operations amid pressure from shareholders, and during a consolidation wave among pipeline operators in North … Continue reading Pipeline Giant #Williams Rejects $64 A Share Takeover Bid From #Energy_Transfer
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