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PG&E mulls sale of gas utility; JEA privatization talks are 'dead'


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PG&E mulls sale of gas utility; JEA privatization talks are 'dead'

Report: PG&E Corp. considers selling gas utility amid wildfire liability tumult

Facing the potential of steeply rising wildfire liabilities, PG&E Corp. is considering selling off its gas utility business in the spring, National Public Radio reported Jan. 4, citing current and former PG&E officials speaking anonymously.

Privatization talks are 'dead,' Vogtle dispute resolvable, new JEA chief says

Aaron Zahn, a former sanitation technology developer and private equity executive, was appointed the permanent CEO of JEA, said in an interview privatization "discussion's dead."

Wash. regulators refuse to review Hydro One/Avista merger plan

Washington state utility regulators declined to reconsider their earlier rejection of the acquisition of Spokane, Wash.-headquartered Avista Corp. by Hydro One Ltd., creating a further roadblock to the Canadian company's desire to expand.

Idaho denies Hydro One/Avista merger, saying state code prohibits it

Idaho regulators on Jan. 3 denied Canada-headquartered Hydro One Ltd.'s proposed $5.3 billion acquisition of Avista Corp., saying Hydro One's lack of independence from the province of Ontario "dictates our decision to reject the proposed merger."

NextEra Energy secures $4.5B term loan to help fund Gulf Power deal

NextEra Energy Capital Holding on Dec. 31, 2018, borrowed a total of $4.5 billion under four separate bilateral term loan agreements to help finance parent company NextEra Energy Inc.'s $5.75 billion acquisition of Gulf Power Co.

NRG REMA divests stake in 2 coal plants in Pennsylvania

NRG REMA LLC wrapped up the sale of 16.45% tenant-in-common, or TIC, interest in the 1,711-MW Conemaugh power plant and a 16.67% TIC interest in the 1,711-MW Keystone facility in Pennsylvania.

StepStone to acquire upstream interest in sPower

A fund managed by global investment firm StepStone Group LP is acquiring an ownership interest in sPower, legally known as FTP Power LLC. Direct ownership and control of the sPower portfolio will not be affected by the proposed transaction.

Ontario municipal utilities complete merger

Guelph Hydro Electric Systems Inc. and Alectra Utilities Corp. completed their merger to form an electric distribution utility that serves more than 1 million homes and businesses in Ontario's Greater Golden Horseshoe area.

Apex Clean Energy acquires four solar projects in Virginia from SolUnesco

Apex Clean Energy Inc. has acquired four solar projects in Virginia with a combined capacity of 442.5 MW from renewable developer Solunesco Inc.

Iberdrola wraps up £702M sale of UK generation assets to Drax

Iberdrola SA has closed the sale of its gas and hydro power plants in the U.K. to Drax Group PLC, after a court-ordered suspension of the British capacity market sparked a revision of the £702 million transaction to reduce the risk of Drax losing out on millions in government payments.

Rocky Mountain Power to sell 107-MW coal-fired plant in Montana

Private developer Rocky Mountain Power, LLC filed an application with the Federal Energy Regulatory Commission, seeking approval to sell its 107-MW coal-fired Hardin power plant in Montana to a subsidiary of Big Horn Datapower Holdings LLC.

FERC approves Duke Energy's transfer of operating licenses for 4 hydro plants

FERC approved the transfer of operating licenses for four hydroelectric facilities from Duke Energy Carolinas LLC to a privately held independent power producer.

MDU Resources completes formation of new holding company

MDU Resources Group Inc. completed its holding company reorganization in a tax-free transaction. The new subsidiary was named Montana-Dakota Utilities Co., with Great Plains Natural Gas Co. becoming its division.

WEC Energy acquires 80% stake in 97-MW wind farm in South Dakota

WEC Energy Group Inc. acquired an 80% ownership stake in the 97-MW Coyote Ridge wind project in Brookings County, S.D., from Avangrid Inc.

EDP Renováveis completes sale of interest in 4 wind projects

EDP Renováveis SA has closed the sale of 10% stake in the 950-MW Moray Offshore Windfarm (East) Ltd. to China Three Gorges (Europe) S.A. for £35 million. In addition, the EDP - Energias de Portugal SA subsidiary has completed the sale of 100% class B, nonmanaging interests in the Meadow Lake VI and Prairie Queen projects.

Capital Power closes sale of interest in 99-MW ND wind farm

Capital Power Corp. sold 100% of the class A membership interest in the 99-MW Meadowlark wind farm in McHenry County, N.D., to JPM Capital Corp.

EDF Renewables completes tax equity deal for 80-MW wind farm in New York

EDF Renewable Energy Inc. closed the sale of tax equity interest in the roughly 80-MW Copenhagen wind farm in Denmark, N.Y., to BAL Investment & Advisory, Inc., according to a Jan. 3 notice.

Cypress Creek Renewables gets FERC nod to sell 75-MW NC solar project

FERC approved the proposal by a Cypress Creek Renewables LLC unit to sell the Buckleberry solar farm in Pitt County, N.C., to a subsidiary of John Laing Group plc.

ContourGlobal to acquire gas-fired portfolio in Mexico for $724M

ContourGlobal PLC struck a deal to acquire a portfolio of two natural gas-fired combined heat and power plants in Mexico from the Mexican chemical manufacturing company Alpek SAB de CV.

Canadian pension fund to buy stake in German elevator parts maker Wittur

Canada's Public Sector Pension Investment Board, also known as PSP Investments, agreed to buy a 32% stake in a parent company of Wittur International Holding GmbH for an undisclosed sum.

Genie Energy buys controlling stake in Finnish renewable electricity provider

Newark, N.J.-based Genie Energy said it acquired a controlling interest in the Finnish renewable electricity provider Lumo Energia for undisclosed financial terms.

EnBW acquires 105 MW of wind projects in Sweden

EnBW Energie Baden-Württemberg AG announced Jan. 8 that it acquired seven wind farms in Sweden with a combined capacity of 105 MW and two grid companies.

Foresight Group closes acquisition of 50-MW wind portfolio in Germany

Foresight Group LLP completed the acquisition of a 50-MW wind portfolio in Germany from a wpd AG subsidiary. The portfolio consists of the 45-MW Krackow and 5-MW Seubersdorf wind farms.

SolarEdge to acquire Italian EV company in initial $77M deal

SolarEdge Technologies Inc. will acquire Italian electric vehicle company S.M.R.E. SpA for roughly $77 million.

Canadian Solar closes sale 18 MW of solar projects in Chile

Canadian Solar Inc. wrapped up the sale of an 18-MWp portfolio of solar projects in Chile to Sonnedix Power Holdings Ltd. for an undisclosed sum.

Report: 4 companies circle IL&FS renewable energy assets

Four companies have expressed interest in acquiring some of India-based Infrastructure Leasing & Financial Services Ltd.'s wind and solar energy assets, Bloomberg News reported Jan. 8, citing people familiar with the matter.

New Jersey American Water acquires small NJ water utility

New Jersey-American Water Co. Inc. said Jan. 2 that it closed the purchase of Roxbury Water Co., a family-owned and -operated water utility with nearly 4,000 customer accounts in Roxbury Township in Morris County, N.J.