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Santee Cooper sale decision delayed; Canadian Utilities to sell 2,100 MW


Insight Weekly: Loan delinquencies up; US money supply falls; coal employment grows


Insight Weekly: Loan-to-deposit ratio rises; inventory turnovers ebb; miners add female leaders


Insight Weekly: Sustainable bonds face hurdles; bad loans among landlords; AI investments up


Insight Weekly: Bank oversight steps up; auto insurers’ dismal year; VC investment slumps

Santee Cooper sale decision delayed; Canadian Utilities to sell 2,100 MW

SC lawmakers delay potential Santee Cooper sale decision until 2020

The South Carolina House and Senate reached a compromise to postpone the final decision regarding Santee Cooper's fate, after state lawmakers spent much of the 2019-2020 legislative session debating whether to sell or have another company manage the government-owned utility.

Canadian Utilities to divest 2,100-MW generation portfolio for C$835M

Canadian Utilities Ltd. has decided to sell its entire fossil fuel-based electricity generation portfolio in Canada to Energy Capital Partners LLC affiliate Heartland Generation Ltd. for approximately C$835 million, following a strategic evaluation.

TC Energy closes sale of 575-MW gas plant to Salt River Project

TC Energy Corporation, formerly known as TransCanada Corp., has closed the sale of a 575-MW natural gas-fired peaking plant in Pinal County, Ariz., to Salt River Project for $465 million in cash.

Innergex sells 54% equity stake in HS Orka for C$402M

Innergex Renewable Energy Inc. on May 23 announced it completed the sale of its Magma Energy Sweden A.B. subsidiary to Jarðvarmi for about C$402.2 million.

NRG's $300M deal for Stream Energy's retail business heads to FERC

NRG Energy Inc. is seeking approval from the Federal Energy Regulatory Commission to acquire Stream Energy's retail electricity and natural gas business.

BayWa acquires Forsa Energy's UK renewable business

BayWa r.e. GmbH said May 29 that it acquired the U.K. renewable business of Forsa Energy. Financial terms of the deal were not disclosed.

After labor dispute, RES sells Minnesota wind project to Avangrid

Avangrid Renewables LLC Avangrid Renewables LLC is purchasing the 152-MW Bitter Root Wind Farm in Yellow Medicine County, Minn., from Renewable Energy Systems Holdings Ltd., according to a report in the Minneapolis Star Tribune.

Geronimo Renewable receives FERC approval to sell 114-MW wind farm in Texas

The Federal Energy Regulatory Commission on May 23 approved Geronimo Renewable Infrastructure's sale of its ownership in the 114-MW Great Plains I wind farm to a joint venture between NGV Emerald and the Washington Investment Board.

EDP Renewables to sell tax equity stake in 2 wind projects in Illinois

EDP Renewables North America LLC plans to sell 100% of the class B nonmanaging membership interests in two wind projects in Illinois to BAL Investment & Advisory, Inc. and potentially one or more unidentified investors.

Report: Brookfield set to acquire 50% stake in X-Elio

Canada's Brookfield Asset Management Inc. is poised to acquire a 50% interest in Spain's X-ELIO Energy SL from KKR & Co. and Spain's Ribera family, Reuters reported, citing three sources familiar with the matter.

Capital Dynamics completes 280-MW solar project in California

Global private asset management firm Capital Dynamics completed its 280-MWac California Flats solar project on ranch land near the borders of San Luis Obispo and Monterey County, Calif.

OG&E secures FERC approval to acquire 2 power plants in Oklahoma

The Federal Energy Regulatory Commission on May 22 granted Oklahoma Gas and Electric Co. the approval to acquire two power plants in Oklahoma for approximately $53.5 million.

Xcel Energy to acquire Colo. gas-fired plant from Atlantic Power for $45.2M

Atlantic Power Corp. agreed to sell its 320-MW Manchief gas-fired generating station to Public Service Co. of Colorado for $45.2 million.

Canadian Solar sells 68-MW Mexican solar facility to BlackRock

Canadian Solar Inc. completed the sale of an operational solar facility in Mexico to BlackRock Inc.'s BlackRock Infrastructure Fund II for undisclosed financial terms.

SmartPitch Ventures acquires controlling stake in New Energy Equity

New Energy Equity LLC said it closed on a major investment from private equity firm SmartPitch Ventures.