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Fortis/ITC merger wins more approvals; NextEra/Oncor deal draws concerns


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Fortis/ITC merger wins more approvals; NextEra/Oncor deal draws concerns

FERCon Sept. 23 approved FortisInc.'s planned $11.3 billion acquisition of The deal alsorecently receivedapproval from Wisconsin regulators. Approval ispending in Kansas.

andWestar Energy Inc.shareholders on Sept. 26 approved the companies' $8.6 billion cash-and-stockcombination.Separately, Great Plains sold approximately $2.14 billion worth of securities tohelp fund the Westar acquisition.

Texasregulators said Sept. 22 that they have significant concerns about 's proposedacquisition of Oncor ElectricDelivery Co. LLC, which could delay a decision on the even before thecompanies have submitted a merger application. Oncor is majority-owned byEnergy Future HoldingsCorp.

is likely tosell its generation business, as the company looks to improve its creditmetrics following anticipated regulatory approval of a distributionmodernization rider, according to UBS Securities LLC.

has expressedinterest in acquiring TerraFormPower Inc., Bloomberg News reported Sept. 21, citing unnamedsources. Among potential bidders, andbillionaire David Tepper's hedge fund Appaloosa Management LP are expected to make a jointoffer.

reached a settlement related to its request to acquire and retire a 330-MW coal plant, butobjections by the state public advocate and industrial customers remain. FPL isa subsidiary of NextEra EnergyInc.

FERCon Sept. 22 approved the proposal of American Electric Power Co. Inc. to merge its andAEP Texas North Co.subsidiaries into their immediate parent, AEP Utilities Inc.

acquired a 470-MWwind development portfolio from Minneapolis-based PRC Wind for an undisclosedsum, according to a Sept. 27 release. The portfolioconsists of three midstage projects, totaling 270 MW in Minnesota and 200 MW inNorth Dakota.

subsidiaryTucson Electric PowerCo. completed the first of a two-part deal to acquire a 50.95% undividedstake in Springerville unit 1 in Apache County, Ariz., according to a Sept. 26notice to FERC.

isplanning to acquire the approximately 115-MW James River Gencocoal-fired plant, associated interconnection facilities and assets forunspecified terms.

isplanning to purchase a 90-MW stake in the 180-MW Armow wind projectin Kincardine, Ontario, for $132 million.

Afederal bankruptcy judge approved the sale of  SunEdison Inc. solar projects in Minnesota to asubsidiary of   for nearly $80million, Dow Jones Newswires reported. SoCore Energy is affiliated withEdisonInternational's competitive energy business.

agreed to acquire a 49% stake in the planned 102-MW Henriettasolar project from SunPowerCorp. for $134 million.

subsidiary Black Hills ColoradoElectric Utility Co. LP is asking FERC to approve a to acquire the planned60-MW Peak View wind facility in Colorado from Invenergy Wind DevelopmentColorado LLC for about $101.5 million.

FERCon Sept. 22 approved Ullico Infrastructure Master Fund LP's of a 13.7% indirectstake in the planned 750-MW Towantic Energy Center.

. hasentered into an agreement with Enel Green Power North America Inc. to 14 small hydroelectricplants. Enel Green Power is a unit of Italian utility .

TerraFormGlobal Inc. has cleared the way for to sell certain of itsIndian assets to an unnamed third-party buyer. The yieldco expects to receiveup to $10 million in cash proceeds from the sale.

is seekingFERC approval by Oct. 31 to acquire 100% of the membership interests in from , according to anapplication filed Sept. 23.

Aninvestor group has acquired indirect passive equity interests in theapproximately 669-MW West Deptford combined-cycle, natural gas-fired facilityin Gloucester County, N.J.

isseeking FERC approval by Nov. 1 to acquire 100% passive, noncontrolling class Binterests in the Drift Sand wind project.

Global Infrastructure Partners invests in 453-MW generationportfolio

GlobalInfrastructure Partners Capital Solutions Fund has purchased $125 million of a$135 million secured term loan investment in Heorot Power LLC's 453-MW generationportfolio.

IroncladEnergy Partners acquired a 121-MW cogeneration portfolio from foran undisclosed amount.

UL LLC, an Illinois-based safety science company, is aimingto expand its global renewable energy footprint with the acquisition ofAWS Truepower LLC.Financial details of the deal were not disclosed.

GeneralElectric Co.'s EFS Renewables Holdings LLC plans to acquire anon-controlling tax equity stake in sPower's planned 80-MW Pioneer Windfacility in Converse County, Wyo.

is seeking FERCapproval to acquire 100% class A interests in the planned 51-MW Hancock windproject in Hancock County, Maine.