Westar, Great Plains complete merger of equals, form Evergy
The $15 billion stock-for-stock merger of Midwest electric utilities Westar Energy Inc. and Great Plains Energy Inc. completed June 4 to create new holding company Evergy Inc. The new company will be headquartered in Kansas City, Mo., with operational headquarters there and in Topeka, Kan.
Update: Alaska approves Hydro One's merger with Avista
Concerns over the future of a state-owned hydro facility at first appeared to be an obstacle to Hydro One Ltd.'s plans to acquire Avista Corp. But a settlement and state regulatory safeguards smoothed the way for Alaska to become the first state to approve the merger.
AEP, GridLiance, Tri-County Electric reach settlement on 2,000-MW wind farm
American Electric Power Co. Inc. reached a settlement agreement with GridLiance Holdco and Tri-County Electric Cooperative Inc on the planned 2,000-MW Wind Catcher wind farm in the Oklahoma panhandle.
FERC clears NRG to sell GenOn plant in Massachusetts
The Federal Energy Regulatory Commission has approved NRG Energy Inc. to sell the 1,113-MW natural gas- and oil-fired Canal power plant in Massachusetts to Stonepeak Kestrel Holdings, an affiliate of New York-headquartered private equity firm Stonepeak Infrastructure Partners. GenOn expects proceeds of $390.3 million
GenOn Energy closes sale of 810-MW gas plant in Pennsylvania
NRG Energy Inc. subsidiary GenOn Energy Inc. has completed the sale of the 810-MW Hunterstown CC gas-fired facility in Straban Township, Pa., to private equity firm Platinum Equity Capital Partners IV, L.P.. The plant is located in PJM Interconnection's Metropolitan Edison Co. zone.
Enel scoops up 73.4% stake in Brazil's Eletropaulo for €1.27B
Italy-headquartered Enel SpA scooped up a 73.4% stake in Brazilian power distribution company Eletropaulo Metropolitana Eletricidade de São Paulo SA in a deal valued at approximately €1.27 billion. Enel also plans to invest roughly €343 million to subscribe to a subsequent capital increase at Eletropaulo.
UK firms Equistone, Inflexion to sell 'flexible' power generator to Sembcorp
U.K. private equity firms Equistone Partners Europe Ltd. and Inflexion Private Equity Partners LLP agreed to sell UK Power Reserve Ltd. to SembCorp Industries Ltd. for an equity value of £216 million.
Investor group plans to sell remaining interest in German grid company to Elia
Belgian transmission system operator Elia System Operator SA was notified of Australia-headquartered pension fund manager IFM Investors Pty. Ltd.'s plans to sell the remaining 20% ownership interest it holds in Eurogrid International CVBA/SCRL, the holding company of German transmission system operator 50Hertz Transmission GmbH.
Alliant unit to build 150-MW wind farm in Iowa for Wis. customers
Alliant Energy Corp. subsidiary Wisconsin Power and Light Co. asked Wisconsin regulators to approve a plan under which it will acquire a wind energy facility in Iowa and use the electricity to serve its customers in the state.
W.Va. regulators reject Appalachian Power wind farm deal
The Public Service Commission of West Virginia has joined with Virginia regulators in rejecting Appalachian Power Co.'s plan to buy two wind farms from Chicago developer Invenergy LLC.
TransAlta Renewables acquires assets in US, Canada for C$166M
TransAlta Renewables Inc. acquired an economic stake in a 71-MW portfolio of wind and solar facilities in the U.S. and the entire 20-MW Kent Breeze wind farm in Ontario from TransAlta Corp. for C$166 million. Additionally, TransAlta Renewables' board approved a dividend reinvestment plan for eligible Canadian shareholders.
Lone Star bids A$530M to acquire 2 gas projects in China from Sino Gas
Private equity firm Lone Star North America Acquisitions L.P. on May 30 bid A$530 million in a takeover offer to acquire two large gas projects in China from Sino Gas & Energy Holdings Ltd, Reuters reported.
SPower to acquire stake in Idaho solar farm
Through their joint venture sPower, AES Corp. and the Alberta Investment Management Corp. are seeking approval from the Federal Energy Regulatory Commission to acquire an upstream ownership interest in a 40-MW Idaho solar project.
CleanCapital acquires 10.2-MW solar portfolio in Massachusetts
CleanCapital on May 31 announced the acquisition of a 10.2-MW solar portfolio from developer G&S Solar. The new acquisition brings CleanCapital's total to nearly $150 million of acquired operating solar assets.
NJR Clean Energy closes sale of Mont. wind farm to NorthWestern
New Jersey Resources Corp. subsidiary NJR Clean Energy Ventures said June 4 that it closed the sale of a 9.7-MW wind farm in Montana to NorthWestern Energy for $18.5 million. NorthWestern Energy is legally known as NorthWestern Corp.
PPL acquires NY-based solar solutions provider
PPL Corp. acquired New York-based solar energy solutions provider Safari Energy LLC for an undisclosed amount, the company announced May 31.
MDU Resources Group acquires asphalt, concrete supplier
MDU Resources Group Inc. acquired Little Falls, Minn.-headquartered Tri-City Paving Inc. for an undisclosed amount.
