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Great Plains/Westar deal heads to FERC; Fortis purchase of ITC clears another hurdle


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Great Plains/Westar deal heads to FERC; Fortis purchase of ITC clears another hurdle

Assertingthat the deal meets all of FERC's merger approval criteria, andWestar Energy Inc.asked the agency to sign off on Great Plains' plan to Westar for approximately$12.2 billion, including about $3.6 billion of assumed debt.

Morequestions have risen over Hawaii Gov. David Ige's swift replacement of a PublicUtilities Commission member as an internal PUC document disclosed that at leasttwo members of the commission had reached a decision on 's proposedacquisition ofHawaiian Electric Industries Inc.before the governor's action.

Reportsin Hawaii's local press that BerkshireHathaway Energy is making a move to acquire utilities of are unfounded, S&P Global Market Intelligence has learned.

TheU.S. Committee on Foreign Investment has cleared 's proposed $11.3 billionpurchase ofITC Holdings Corp.

Ontariosaid it plans to sell as many as 15 million shares in electricity distributorHydro One Ltd. toFirst Nations groups for C$18 apiece, to be purchased with a province-backedC$268 million loan.

hascommenced a strategic review of the business. CIBC World Markets Inc. and J.P.Morgan Securities LLC will act as Northland Power's financial advisers duringthe review process.

on July 8received FERC approval to selltwo of its gas-fired power plants to an LS Power Group affiliate.

onJuly 6 closed its acquisitionof El Paso Electric Co.'s7% interest in Four Corners units 4 and 5, according to a Form 8-K filed July7. APS is a subsidiary of PinnacleWest Capital Corp.

TheLos Angeles Department of Waterand Power has off-loadedits 21% stake in the 2,250-MW Navajo coal-fired facility earlier than planned.

has uppedits stake in the 924-MW Tenaska Central Alabama natural gas-fired plant inAutauga County, Ala., by acquiringDiamond Generating Corp.'sinterests.

hasacquiredSunEdison Inc.'sdevelopment rights to the proposed King Pine wind project in Aroostook andPenobscot counties in Maine.

affiliate Cube Hydro CarolinasLLC has agreed to purchaseand upgrade a 215-MW portfolio of hydro plants on North Carolina's Yadkin River.

is sellinga 50% stake in its 150-MW Slate Creek Wind Project in Sumner County, Kan., toan Axium Infrastructure-ledconsortium. EDF Renewable Energy is a subsidiary of 's renewables arm, .

the 74-MW facility inNorth Carolina from Cypress CreekRenewables LLC. The company also recently announcedthat it acquired the 102-MW Lamesasolar facilityfrom RES America Developmentsand the 102-MW Henriettasolar projectfrom SunPower Corp.

closed itsacquisition ofthe 37.8-MW Smith Creek hydroelectric project in Boundary County, Idaho, fromEugene Water & Electric Board,or EWEB, according to a July 6 notice to FERC.

FERChas cleared Veresen Inc.'sproposed sale ofits 33-MW Glen Park hydroelectric facility to a subsidiary of Restless HydroLLC, according to a July 8 order.

subsidiarySouthern Renewable Energycompleted its acquisitionof the 40-MW Passadumkeag Mountain wind project in Bangor, Maine, on June 30,according to a July 6 notice of consummation.

has transferred its equity interests in Chubu TT Energy Management Inc. tojoint venture JERA Co. Inc. alongside stakes in certain U.S. generatingfacilities, according to a July 6 release. JERA is 50% owned by Chubu Electricand 50% by Tokyo Electric PowerCompany Holdings.

SparkHoldco has secured FERC approval to acquire three energy retailers from . Spark Holdco isowned 40% by Spark Energy Inc.and 60% by W. Keith Maxwell III.

HansenTechnologies Ltd. has entered definitive agreements to subsidiary PPL Solutions,which provides billing, business processing outsourcing, call center andinformation technology services to electric and gas suppliers, and regulatedutilities in the U.S.

Commercialreal estate and brownfield redevelopment company Commercial Development CompanyInc. has acquiredAmerican Electric Power Co. Inc.'sretired Picway coal facility in Ohio for undisclosed terms.

subsidiary 8point3 Operating Co. LLC has acquired an interest in a 5-MW rooftopsolar project in Maryland for $12 million in cash.

. on July 5notified FERC that it has completed its purchase of a passive stake in the101.3-MW White Pine and 76.5-MW White Oak solar facilities in Georgia.

FERC clears Macquarie's sale of passive stake in 2 wind farms

FERCon July 6 approved a MacquarieGroup Ltd. subsidiary's proposed sale of passive equity interestsin two wind facilities.

FERCon July 6 issued an order allowing PNC Commercial LLC and to eachacquire 50% of the passive, noncontrolling class A member interests in the50-MW Beacon Solar 4 project in Kern County, Calif.