S&P Global Market Intelligence presents the most read stories for the week ended May 25.
1. NextEra pays premium for Fla. expansion in deal for Southern assets
NextEra Energy Inc.'s $6.48 billion acquisition of Southern Co.'s Florida businesses and two gas plants allows Southern to address a multibillion-dollar equity need and NextEra to grow regulated earnings, their CEOs said May 21.
2. PJM capacity auction RTO clearing price surges 83% on year to $140/MW-day
The clearing price in PJM Interconnection's 2021/2022 Base Residual Auction surged about 83% on the year to $140/MW-day at the RTO zone and most other zones.
3. Analyst sees '10 years of chaos' for battery-makers amid rapid growth
Manufacturers of lithium-ion batteries face a bumpy ride as they race to expand their factories tenfold over the next decade to meet surging global demand for electric vehicles and energy storage systems, an industry analyst said.
4. EPA 'secret science' proposal: 'Trojan Horse' or a victory for transparency?
The U.S. Environmental Protection Agency has proposed rules requiring that data from studies used to shape its regulations be made public as a means to ensure transparency, but some critics argue that rafts of scientific information crucial for safeguarding the environment and public health would be disqualified.
5. After M&A spate, major utility deals to come at measured pace, consultant says
Utilities looking for growth may still turn to acquisitions to get there, but after so many deals in recent years, finding a good match may require more analysis and a willingness to take on larger acquisition targets.
