SCE&G customers will ultimately pay $3.8B for VC Summer under Dominion deal
South Carolina Electric & Gas Co. recently indicated its ratepayers will pay at least $3.8 billion for the scrapped V.C. Summer nuclear reactors, while Santee Cooper estimates its customers face a 7% to 8% rate hike to pay off its nuclear debt.
Dominion Energy to pursue asset sales, debt financing to boost near-term credit
Dominion Energy Inc. said it will pursue debt financing of its Cove Point liquefied natural gas facility and the sale of noncore assets, which could include its interest in Blue Racer Midstream LLC, in order to reduce parent-level debt and boost the company's near-term credit profile.
GenOn finds buyer for 2 oil-fired generating units in Massachusetts
GenOn Energy Inc. agreed to sell its Canal units 1 and 2 generating facilities, with a total combined summer capacity of roughly 1,112 MW, to Stonepeak Kestrel Holdings LLC as part of its chapter 11 reorganization plan.
NRG to acquire retail energy provider XOOM Energy in $210M deal
NRG Energy Inc. announced that it will acquire retail electricity, renewable and natural gas provider XOOM Energy LLC in a $210 million deal that will add more than 300,000 customers, primarily in Eastern markets.
Florida Municipal Power Agency approves FPL acquisition of Vero Beach utility
NextEra Energy Inc. subsidiary Florida Power & Light Co. and the Vero Beach municipal utility have passed a major checkpoint in their campaign to close their $185 million merger. In February, all 19 of the Florida Municipal Power Agency's member cities consented to the deal.
NextEra unit asks for FERC approval to sell, lease back Ark. solar project
NextEra Energy Inc. subsidiary NextEra Energy Resources LLC filed a request with the Federal Energy Regulatory Commission to sell its ownership stake in the Stuttgart solar project in Arkansas, and then lease the facility back from the buyer.
OMERS Infrastructure to acquire ArcLight Capital wind portfolio company
OMERS Infrastructure Management Inc. has agreed to purchase ArcLight Capital Partners LLC's Dallas-based wind portfolio company with a total installed capacity of about 1,700 MW for an undisclosed sum. The deal is expected to close during the third quarter of 2018.
NRG Yield Operating seeks consent to amend senior notes
NRG Yield Operating LLC is soliciting consents from holders of its 5.375% senior notes due 2024 and 5.000% senior notes due 2026 to amend indentures governing the notes, in connection with NRG Energy Inc.'s sale of its interests in NRG Yield Inc. to Global Infrastructure Partners.
EDP UK subsidiary closes sale of 20% stake in offshore wind farm
EDP - Energias de Portugal SA announced March 26 that subsidiary EDPR UK Ltd. closed the sale of a 20% stake in the Moray offshore wind farm to Mitsubishi Corp.'s U.K.-based subsidiary Diamond Generation Europe Ltd.
Premier Holding divests 2 subsidiaries to AOTS 42
Premier Holding Corp. announced a share exchange deal in which it will acquire 19.2 million common shares of AOTS 42, Inc. In exchange, Premier Holding will provide AOTS 100% of the membership interests in American Illuminating Company LLC and The Power Company USA LLC.