and have reached anagreement with all parties in the companies' New Jersey proceeding, putting thedeal on track to close in the second half of 2016. Southern hasalso secured theMaryland Public Service Commission's approval to acquire AGL.
Duringan annual and special meeting held May 5, Fortis Inc. shareholders approved the company's $11.3billion acquisitionof ITC Holdings Corp.The transaction still needs the approval of ITC shareholders, and federal andstate regulatory bodies to close in late 2016.
is moving closer to acquiringEmpire District Electric Co.after winning FERC's blessing on May 6. The deal still needs the approval ofshareholders, the FTC, and state regulators in Arkansas, Kansas, Missouri andOklahoma to close in the first quarter of 2017.
has become a subsidiary of SouthernCo. upon completion of its approximately $425 million with theAtlanta-based company on May 9. PowerSecure International stockholdersapproved the deal onMay 5.
on May 5 said itwould be pursuing a settlement in four lawsuits related to the company'splanned mergerwith Dominion Resources Inc.
Onthe heels of announcing plans to shut down three coal-fired plants in southernIllinois, Dynegy Inc.is considering mothballing an additional 500 MW and looking to restructure theportfolio of Illinois assets it acquired from in 2013, executives saidMay 4.
Investorswere hungry for news on a possible acquisition of as the companyreported its earnings May 4, but Westar President and CEO Mark Ruelle declinedto comment on "rumors," choosing instead to talk up the company'srecord-breaking wind power production over the quarter.
TalenEnergy President and CEO Paul Farr effectively quashed any analyst or investorquery into the potential sale of the company. Bloomberg, citing unnamedsources, reported May6 that private equity firm RiverstoneHoldings LLC could be nearing a deal for the merchant generator.
Whilehydrology conditions in Brazil and earnings from the international segment haveimproved, Duke Energy Corp.Executive Vice President and CFO Steven Young said exiting the business isstill the "proper thing for us to do."
executivessaid May 10 that the company hopes to make a decision soon on co-firing itsMontour coal plant with natural gas as it continues to assess whether to sellor relocate its Harquahala plant.
Thecity council of Vero Beach, Fla., is renewing its effort to its municipal utility toNextEra Energy Inc.subsidiary Florida Power &Light Co.
Asubsidiary of Harbert Power FundV LLC on May 10 acquiredthe 752-MW, gas-fired Calhoun Energy Center from .
Canadianutility owner Emera Inc.has its eye on growth in the southern U.S., particularly Florida and NewMexico, as it builds on its soon-to-be-closed acquisition of
Afterthe termination of a deal for an investor group led by to Oncor Electric Delivery Co. LLC and convert it into areal estate investment trust, Texas regulators on May 4 delayed a decision onwhether to grant a motion for rehearing on the transaction. Oncor is majorityowned by Energy Future HoldingsCorp.
announced thesale of amajority stake in EVgo as part of a broader initiative to streamline itsresidential solar business, which is now transitioning to anoriginate-and-monetize to third-party model.
Enbridge to acquire half-interest in French offshore wind farmdeveloper
has signed a dealto buy a 50% stake in offshore wind energy developer Eolien Maritime France SASfor C$282 million. The remaining interest in Eolien Maritime is held byElectricité de France SAsubsidiary EdF Energies Nouvelles,and the two companies will jointly develop projects. Electricité de France is asubsidiary of EDF Group.
Anindirect subsidiary of InvenergyInvestment Co. on April 29 completed the purchase of class Apassive ownership stake in three wind projects from an investor group,according to a May 6 notice of consummation. Financial terms of the deal werenot disclosed. Invenergy Investment is a subsidiary of .
ASouthern Power Co.subsidiary is planning to acquirea 51% stake in the 102-MW Henrietta Solar Project in Kings County, Calif., froma SunPower Corp.subsidiary.
on May 4announced that it will acquiretwo retailenergy businesses that will add approximately 335,000 residential customerequivalents, or RCEs, to its portfolio.
JPMCapital Corp. is seeking FERC approval to acquire non-controlling, passiveinterest in the 20-MW AC Antelope Big Sky Ranch solar facility in Los AngelesCounty, Calif., according to an application filed May 5.