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Sempra wins key support for Oncor deal; McDermott, CB&I to merge in $6B deal

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Sempra wins key support for Oncor deal; McDermott, CB&I to merge in $6B deal

Power

Sempra wins key stakeholder support in Oncor bid

Sempra Energy has reached an agreement with several key Texas stakeholders in support of its bid to acquire Energy Future Holdings Corp.'s indirect majority interest in Oncor Electric Delivery Co. LLC.

McDermott, CB&I to merge in $6B all-stock transaction

McDermott International Inc. and Chicago Bridge & Iron Co. NV announced Dec. 18 that they agreed to an all-stock merger to create a joint company in a transaction valued at $6 billion.

Calpine shareholders approve Energy Capital Partners-led buyout

Calpine Corp. shareholders have approved a $5.6 billion private buyout of the generator by an investor group led by Energy Capital Partners, clearing the way for deal to be closed in the first quarter of 2018.

Alterra Power shareholders approve acquisition by Innergex

Alterra Power Corp. shareholders overwhelmingly approved the company's C$1.1 billion acquisition by Innergex Renewable Energy Inc.

AES agrees to sell stake in Philippine subsidiary for $1.05B

AES Corp. is divesting its 51% equity interest in its Philippines subsidiary to SMC Global Power Holdings Corp. for $1.05 billion to pay down parent debt.

DPL selling 972-MW generation portfolio to Kimura Power

DPL Inc. and its AES Ohio Generation LLC subsidiary struck a deal to sell 972.5 MW of power generation and related assets to Kimura Power LLC for $241 million in cash.

Covanta, Macquarie unit form JV to develop energy-from-waste projects

Covanta Holding Corp. is forming a 50/50 joint venture with Macquarie Group Ltd. subsidiary Green Investment Group Ltd. to develop, fund and own energy-from-waste projects in Ireland and the United Kingdom.

Guelph Hydro/Alectra merger wins city council approval

Ontario's Guelph City Council has approved the planned merger between Guelph Hydro Electric Systems Inc. and Alectra Inc. The Ontario Energy Board is expected to decide on the merger in fall 2018.

AE Supply completes sale of 4 Pa. gas-fired plants to LS Power

Allegheny Energy Supply Co. LLC on Dec. 13 completed the sale of its four natural gas-fired power facilities in Pennsylvania to LS Power Group affiliate Aspen Generating LLC for net proceeds of about $390 million.

2 Alaska co-ops make separate overtures for Anchorage municipal utility

Two Alaska electric cooperatives, Matanuska Electric Association Inc. and Chugach Electric Association Inc., have separately expressed interest in merging with the city of Anchorage-owned Anchorage Municipal Light & Power.

Report: New potential buyers emerge for Santee Cooper

A South Carolina investment company and Washington, D.C.-headquartered Twenty First Century Utilities LLC may team up to purchase state-owned utility Santee Cooper.

Solar Alliance completes sale of wind assets to Concord Green Energy

Solar Alliance Energy Inc. completed the sale of certain wind assets in British Columbia to Concord Green Energy Inc. for C$1.4 million.

WP&L closes acquisition of additional stake in 1,112-MW coal facility

Wisconsin Power and Light Co. completed the acquisition of an additional 80 MW in the 1,112-MW Columbia coal-fired facility in Pardeeville, Wis.

US Geothermal to buy out remaining stake in 18-MW facility from Goldman Sachs

U.S. Geothermal Inc. reached an agreement to acquire the remaining ownership interest in the Raft River I geothermal facility from Goldman Sachs Group Inc.

Greenbacker Renewable to acquire 10-MW solar portfolio in California, Colorado

Greenbacker Renewable Energy Co. LLC agreed to acquire a 10-MW portfolio of six operating solar facilities in California and Colorado from U.K.-based Foresight Group LLP for $13 million.