S&P Global Market Intelligence presents the most read stories for the week ended Jan. 4.
1. Potential seen for old mines to host new renewables
Advocacy group the Rocky Mountain Institute partnered with Australian mining giant BHP Group Ltd. to redevelop 22 legacy mine sites in the U.S. to host renewable energy production, zeroing in on six locations in the Southwest as their first targets.
2. Conn. agency picks 2 nukes, offshore wind project for power contracts
Connecticut officials selected Dominion Energy Inc.'s "at-risk" Millstone nuclear power plant as a winning proposal for a "zero carbon" power supply contract, along with proposals from NextEra Energy Inc.'s Seabrook nuclear power plant, a 100-MW expansion of Ørsted A/S' 600-MW offshore Revolution Wind project, and nine solar projects.
3. Large M&A deals sailed through stormy 2018
Despite a wave of market volatility, buyers keep pursuing megadeals. Globally, companies announced 103 deals with a transaction value of at least $5 billion in 2018, which is the second-highest total since 2007, according to S&P Global Market Intelligence data as of Dec. 28, 2018.
4. PG&E utility could face serious charges for wildfires, Calif. prosecutor says
Pacific Gas and Electric Co. could face criminal charges ranging from failure to clear vegetation to murder if the utility is found to have caused any recent California wildfires through reckless or negligent action, the state's top prosecutor told a judge.
5. Barclays, Evercore led 2018 midstream energy M&A advising as MLPs folded up
Barclays Capital Inc. and Evercore Group LLC advised on the most corporate M&A deals in the North American energy pipeline sector in 2018, with Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC trailing not far behind when it came to advising the most parties involved in buying, selling or standing up midstream companies.