trending Market Intelligence /marketintelligence/en/news-insights/trending/bzmThRN36Y362BMfBdzkxw2 content esgSubNav
In This List

Three Rivers Utility to buy 30.4% stake in DQE Holdings


Activity Volumes Across the Equity Capital Markets Dropped Significantly in 2022


Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet

Case Study

A Large Energy Company Manages its Exposure with Robust Tools to Assess Creditworthiness and Set Credit Limits


Insight Weekly: Stocks limp into 2023; GCC banks set for rebound; deep-sea mining faces pushback

Three Rivers Utility to buy 30.4% stake in DQE Holdings

Three Rivers Utility Holdings LLC plans to acquire a 30.4%stake in DQE HoldingsLLC from CLH Holdings GP.

DQE Holdings owns various regulated and unregulatedsubsidiaries, including DuquesneLight Co. and Duquesne Power LLC via

Post transaction Three Rivers Utility will be able to appointtwo directors to the DQE Holdings board.

Three Rivers Utility is owned by Stichting Depositary PGGMInfrastructure Funds, John Hancock Life Insurance Co. (U.S.A), John HancockLife Insurance Co. of New York and John Hancock Life & Health Insurance Co.

CLH Holdings' partners are Macquarie Global InfrastructureFund IIA, Macquarie Global Infrastructure Fund IIB and funds managed byMacquarie Infrastructure Partners.

Parties involved are seeking FERC approval for thetransaction by Sept. 6, according to an application filed July 1. (EC16-140)