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Fortis, ITC seek FERC approval for merger; AEP to pursue sale of Ohio PPA units

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August


Fortis, ITC seek FERC approval for merger; AEP to pursue sale of Ohio PPA units

and on April 28 filed withFERC for approval of the $11.3 billion merger they announced in February. In thefiling, the companies assert that the deal is consistent with the publicinterest, will not adversely affect competition, and does not raise horizontalor vertical market concerns.

will begin another strategic review of generation assets and pursuere-regulation in Ohio in response to FERC's decision to revoke waivers ofaffiliate power sales restrictions granted to AEP and 's Ohio subsidiaries.

executives seeorganic growth opportunities arising out of the company's proposed of ,but have no near-term plans to digest more gas assets.

filed a newbankruptcy reorganization plan May 1, after creditors backed out of a priorplan for an investor group to acquire OncorElectric Delivery Co. LLC and convert it into a real estateinvestment trust, or REIT. EFH attorneys filed the latest reorganization planmore than two years after the company declared Chapter 11 bankruptcy with adebt load of more than $40 billion.

isfocused on business as usual as the Joplin, Mo.-headquartered utility movesahead in its proposed acquisitionby Algonquin Power &Utilities Corp. The administrative law judge presidingover the merger hearings in Oklahoma has recommended approval of the deal, withan order expected within 60 days.

has reached a dealto sell itsnatural gas-fired South Point Energy Center in Mohave Valley, Ariz., toBerkshire Hathaway Energysubsidiary NV Energy Inc.

management saidApril 27 that they expect competitive generation subsidiary to continue toexceed aggressive growth forecasts, with an emphasis on acquiring wind assets.

closed the acquisition of CapstoneInfrastructure Corp. and its subsidiary for a cash paymentof C$4.90 per share or unit as applicable, according to an April 29 newsrelease.

plansto off-load itsequity interests in the 924-MW (summer rating) Tenaska Central Alabama naturalgas-fired power plant in Autauga County, Ala., and is seeking FERC approval inorder to do so. Tenaska EnergyInc., which already owns a stake in the facility, plans to acquirethe interest for undisclosed terms.

signed a deal withCastleton Energy Center LLC to acquirethe 72-MW Castleton combined-cycle, natural gas-fired power plant in RensselaerCounty, N.Y. Financial details of the deal were not disclosed inthe company's April 27 release.

, through utilitysubsidiary Nevada Power Co.,plans to acquire the remaining 25% stake it doesn't own in the 520-MW (summerrating) Silverhawk natural gas-fired, combined-cycle facility in Clark County,Nev., from the Southern NevadaWater Authority, according to an application filed with FERC onApril 27.

hasadded 30 MW of solar to its North Carolina portfolio after entering anagreement with Community EnergyInc. to acquiresix, 5-MW solar projects for an undisclosed sum.

has agreed tosell two Chile-based solar projects to Colbún SA for an undisclosed amount. Thecompany will sell the 145 MW Parque Solar Olmué and 57 MW Santa Sofia solarpark which are under development, complete with their 15-year power purchaseagreements to supply 350 GWh of energy per year, according to an April 26 newsrelease.

AFirst Reserve Management LPsubsidiary and BAL Investment & Advisory or one of its subsidiaries plan toacquire controlling and passive interests, respectively, in the planned 120-MWComanche Solar Project.