Dominion, SCANA reach merger settlement in North Carolina
Dominion Energy Inc. and SCANA Corp. reached a settlement with the North Carolina Utilities Commission staff and an intervenor in the companies' pending merger.
CenterPoint terminates bridge facility related to Vectren acquisition
CenterPoint Energy Inc. terminated remaining commitments with two lenders in connection with financing its proposed merger with Vectren Corp.
GE Energy Financial Services selling stake in Ga. gas-fired portfolio to Carlyle
GE Energy Financial Services is selling its nearly 25% stake in a 3,155.6-MW portfolio of gas-fired projects to The Carlyle Group LLC as part of a broader restructuring which also includes the sale of a raft of renewable and gas-fired assets to funds managed by Apollo Global Management LLC.
Amid M&A speculation, analyst says El Paso Electric stock is overvalued
Despite predicting a strong third quarter for El Paso Electric Co. amid renewed M&A rumors, a Wall Street analyst reduced the utility's earnings estimates and said its stock is still overvalued.
Southeast PowerGen unwinds leases for 2 Ga. gas-fired plants
Southeast PowerGen Holdings LLC has completed the acquisition of two gas-fired power plants in Georgia by terminating related leases with municipal authorities, approximately two years after the Federal Energy Regulatory Commission granted approval.
Ørsted inks $510M deal to acquire Deepwater Wind
Ørsted A/S agreed to acquire Deepwater Wind LLC from D.E. Shaw & Co. LP for $510 million in a bid to create the leading U.S. offshore wind platform.
Acciona to sell Testa Residencial stake to Blackstone for €379M
Energy infrastructure company Acciona SA agreed to sell its entire stake in Spanish residential real estate company Testa Residencial SOCIMI SA to an entity managed by a fund of private equity giant Blackstone Group LP for approximately €379.0 million.
DTE Energy gains approval to purchase 161.3-MW Mich. wind facility
DTE Electric Co. received FERC's approval to acquire the 161.3-MW Pine River Wind Park in Gratiot and Isabella counties, Mich., from Invenergy Renewables LLC.
Pattern Development to sell share of 79.75-MW Mont. wind project
Pattern Energy Group 2 LP, which does business as Pattern Development, will sell upstream ownership interests in the 79.75-MW Stillwater wind project currently under development in Stillwater County, Mont., to Vertuous Energy LLC and Pattern Energy Group Inc.
Superior Plus closes on acquisition of United Liquid Gas Co.
Canada-based Superior Plus Corp. closed the acquisition of all the outstanding shares of United Liquid Gas Co., an independent wholesale propane and butane distributor in California that operates under the name United Pacific Energy.
Connecticut Water urges shareholders to vote in favor of merger with SJW
Connecticut Water Service Inc. has called a special shareholders meeting on Nov. 16 to vote on its proposed merger with SJW Group.
Aqua America acquires water, wastewater system of Illinois village
Aqua America Inc. announced the completion of the acquisition, through its Illinois subsidiary, of the water and wastewater system of Peotone Village, Ill.
Lafayette, La., considering offer from Bernhard Capital to manage utility
Lafayette Utilities System LLC, the municipal utility serving Louisiana's fourth-largest city, is considering an offer by NextGEN Utility Systems, an affiliate of private equity investor Bernhard Capital Partners Management LP, to manage its electric, water and sewer operations.
MDU Resources acquires construction materials provider
MDU Resources Group Inc. has acquired Sweetman Construction Co., a provider of aggregates, asphalt and ready-mix concrete based in Sioux Falls, S.D.