The Kansas Corporation Commission has approved 's proposedacquisition of ITC HoldingsCorp., giving the companies their final needed regulatoryauthorizations. The deal, which would mark Fortis' entry into the FERC-regulatedtransmission market, aggregates to $6.9 billion in cash plus Fortis shares forITC shareholders, with another $4.4 billion in debt assumed by the Canadiancompany.
In line with its planned exit from its international energy business,Duke Energy Corp.entered into a pair of deals Oct. 10 to sell its Latin American holdings toChina Three GorgesCorp. and I SquaredCapital for about $2.4 billion in combined cash and assumed debt.
General Electric Co. plans to insource design andmanufacturing of the blades for its wind turbines with a $1.65 billionacquisition of LM WindPower. The acquisition is expected to close in the first half of2017 and to be accretive to GE's earnings in 2018.
Affiliates of General Electric Co. and are seekingFERC approval to become tax equity investors in a roughly 250-MW wind projectin Oklahoma. Under the deal, JPMCapital Corp. and EFS Renewables Holdings LLC will acquire allpassive stake in RushSprings from NextEraEnergy Resources LLC for an undisclosed sum.
CalpineCorp.'s $800 million proposed purchase of Noble Americas Energy Solutions LLC marks back-to-backyears that the generator has sought to complement its wholesale business withadditional retail territory, as the company looks to manage power pricevolatility by aligning its generation with electric retail load.
Talen EnergyCorp. stockholders have approved the company's proposed mergeragreement with and into an affiliate of Riverstone Holdings LLC. Under the , Riverstone affiliates willacquire 65% of Talen common stock for $14.00 per share in cash.
Canadian SolarInc. said it will sell an 80% interest in the 191.5-MWp Pirapora Isolar project to EdF EnergiesNouvelles, the renewables arm of EDF Group. The facility in the state of Minas Gerais inBrazil is under construction and is expected to achieve commercial operation bythe third quarter of 2017.
EDF RenewableEnergy sold a 50% stake in the 150-MW Slate Creek wind facility in Kansas to a consortiumled by Axium Infrastructure. Axium paid more than $10 million to the 50% class Bmembership stake in the wind project in Sumner and Cowley counties.
Wisconsin regulators issued a formal order approving FortisInc.'s acquisition of ITC Holdings Corp., about two weeks after voting in favorof the deal. The order also covers government of Singapore-owned 's of a 19.9%interest in ITC.
8point3 EnergyPartners LP, through its 8point3 Operating Co. subsidiary, is requesting FERCapproval to buy a passive, noncontrolling interest in the 300-MW facility in San Bernardino County, Calif., from
AlgonquinPower & Utilities Corp. is planning to acquire the 50-MWLuning solarfacility in Mineral County, Nev., from Invenergy LLC. Under a two-parttransaction, Algonquin will purchase controlling stake in the facility throughits subsidiary Liberty Utilities (CalPeco Electric) LLC.
JPM Capital Corp. is seeking FERC approval to make a taxequity investment in a 20-MW AC solar facility in Los Angeles County, Calif. Inexchange for its investment, the JPMorgan Chase & Co. subsidiary willacquire 100% of passive stake in sPower's North Lancaster Ranch.
EntergyCorp. subsidiary Entergy Mississippi Inc. plans to acquire two 115-kVtransmission lines and related property from South Mississippi Electric Power Association. Thecompany, through its EntergyServices Inc. subsidiary, asked FERC to approve the deal by Dec. 2.
NextEra Energy Resources LLC notified FERC that it hascompleted the sale of passive tax equity interests in three planned solarprojects to JPM Capital Corp. The commission approved the deal Sept. 9.