Power
GenOn inks $498M sale of PJM gas asset to private equity group
GenOn Energy Inc. has agreed to sell an 810-MW combined-cycle, gas-fired plant in Pennsylvania to private equity firm Platinum Equity Advisors LLC in a deal valued at over $500 million.
Dominion/SCANA merger deal arrives at FERC
Dominion Energy Inc. and SCANA Corp. have asked for the Federal Energy Regulatory Commission's approval of their $14.6 billion stock-for-stock merger deal.
Analyst skeptical Dominion/SCANA deal closes but companies willing to wait
A recent jump in SCANA Corp.'s stock price, along with efforts that signal cooperation with regulators and lawmakers probing the company's planned merger with Dominion Energy Inc., has not quelled skepticism on Wall Street.
Jacksonville, Fla., officials start exploring sale of city's utility
City and utility officials in Jacksonville, Fla., have officially started exploring whether to sell JEA, the municipally owned power company, which could be valued anywhere from $7.9 billion to $11 billion.
FERC signs off on private investor buyout of Calpine
A plan by a group of investors to buy Calpine Corp. for $5.6 billion in cash gained a key FERC approval Feb. 21 when federal regulators signed off on the proposal.
AES to cut global workforce by 12%, eyes $100M in savings through restructuring
AES Corp. management indicated during the company's fourth-quarter 2017 earnings call that they are targeting an additional $1 billion in asset sale proceeds from 2018 to 2020.
Sempra, EFH merger clears bankruptcy court
The U.S. Bankruptcy Court for the District of Delaware approved Energy Future Holdings Corp.'s restructuring plan as well as its acquisition by Sempra Energy.
Great Plains, Westar executives confident about merger approval in Q2
Great Plains Energy Inc. and Westar Energy Inc. executives remain confident that the proposed merger of the two neighboring electric utilities will close in June after negotiations with Missouri and Kansas regulators occur in March.
Vectren touts transition plan away from coal, stays mum on possible sale
Vectren Corp. executives touted their long-term plan to move away from coal-fired power but held off on commenting on a potential sale of the company.
Battery bust Alevo liquidates, finds buyer for assets
After filing for Chapter 11 bankruptcy protection in August 2017, insolvent North Carolina lithium-ion battery startup Alevo USA Inc. and its affiliate Alevo Manufacturing Inc. will liquidate their assets through a Chapter 7 process.
NRG Energy asks FERC approval on renewable portfolio divesture
Merchant power generator NRG Energy Inc. asked the Federal Energy Regulatory Commission to authorize the sale of its renewable portfolio and NRG Yield Inc. to a Global Infrastructure Partners.
BlackRock completes purchase of Terra Firma wind portfolio
BlackRock Inc. completed the purchase of all voting rights in the power marketing business of Terra Firma Capital Partners Ltd. and a wind energy portfolio.
Duke Energy to sell retired coal-fired plant in Ohio
Duke Energy Corp., Dayton Power and Light Co. and American Electric Power Co. Inc. announced that they have finalized an agreement to sell the retired coal-fired Walter C Beckjord power plant in Clermont County, Ohio, to Commercial Liability Partners.
FERC clears Xcel to purchase, retire Minn. biomass facility
The Federal Energy Regulatory Commission approved Xcel Energy Inc.'s application to purchase the Fibrominn biomass facility in Swift County, Minn., from Benson Power LLC.
Ørsted discussing sale of 50% stake in 1,200-MW offshore wind facility in UK
Ørsted A/S, a Danish offshore wind developer, confirmed it is in discussions to sell a 50% stake in the 1,200-MW Hornsea 1 wind facility in the U.K. to an undisclosed buyer.
Pattern Energy enters Japanese renewables market with solar, wind deal
Pattern Energy Group Inc. is acquiring a 206-MW portfolio of renewable energy assets in Japan including solar and wind facilities.
Longroad Energy closes acquisition of controlling stake in 2 Utah wind farms
Longroad Energy Holdings LLC completed its acquisition of a 100% class A controlling stake in two Utah wind facilities, according to a document filed with the Federal Energy Regulatory Commission on Feb. 26.
ND commission gives another approval to 150-MW wind project
The North Dakota Public Service Commission approved Xcel Energy Inc.'s request for a certificate of public convenience and necessity for the 150-MW Foxtail Wind Project.
Canadian Solar completes sale of 142-MWp solar portfolio in UK
Canadian Solar Inc. reduced the nonrecourse project debt on its balance sheet by about $172.2 million with the sale of its 142-MWp solar portfolio in the United Kingdom to Greencoat Capital II LLP.
Convergent Energy & Power to purchase 2 energy storage facilities
Convergent Energy & Power LP filed an application with FERC to purchase two energy storage facilities from a subsidiary of Rockland Power Partners.
