acquisition

St. Michael, Minnesota – U.S. Water, an ALLETE Company (NYSE: ALE), today announced the acquisition Water & Energy Systems Technology, Inc. (WEST) WEST, a strong regional company in the Southwestern United States, provides specialty chemicals and engineering service for water treatment in a variety of industries including commercial & institutional facilities, light industry, oil fields, […]

TransCanada—a leading North American energy company—has struck deals to sell its U.S. Northeast Power business. LS Power will acquire three principally natural gas–fired power plants and a wind farm from TransCanada, while ArcLight Capital Partners will buy 13 hydropower facilities located in Vermont, New Hampshire, and Massachusetts. “The sale of our merchant U.S. Northeast Power […]

GE announced on October 11 that it would purchase Denmark-based LM Wind Power—the world’s largest designer and independent supplier of wind turbine rotor blades. GE will acquire the company from Doughty Hanson (a London-based private equity firm that has owned LM Wind Power since 2001) for $1.65 billion. The deal is seen as a way […]

CHARLOTTE, N.C., Oct. 3, 2016 /PRNewswire/ — Duke Energy has completed its acquisition of Piedmont Natural Gas, closing the transaction effective today. Piedmont will retain its name and operate as a business unit of Duke Energy. Both companies are headquartered in Charlotte. The acquisition will add Piedmont’s 1 million natural gas customers to Duke Energy’s […]

Duke Energy Renewables, part of Duke Energy’s Commercial Portfolio, announced on September 7 that it will add six Georgia solar projects to the 2.8-GW renewable energy portfolio the company owns and operates. The projects are relatively small in terms of capacity—averaging about 1 MW DC each (769 kW AC)—but they are the first Duke Energy […]

Exelon Generation has agreed to acquire the James A. FitzPatrick Nuclear Power Plant from Entergy Corp. in a deal worth $110 million. Entergy had slated the 838-MW single-unit facility located in Scriba, N.Y., for closure by January 2017 for economic reasons, but the change in ownership will allow the plant to remain in operation. Exelon […]

NextEra Energy announced on July 18 that it has terminated plans to merge with Hawaiian Electric Industries (HEI). Not surprisingly, NextEra Energy said the decision was driven by the Hawaii Public Utilities Commission’s (PUC’s) 2–0 decision on July 15 to dismiss the Joint Application for the Change of Control filed by the companies. “As a […]

Kansas City–based Great Plains Energy has agreed to purchase Westar Energy—Kansas’ largest electric utility—in a combined cash and stock transaction with an enterprise value of about $12.2 billion. The deal was announced on May 31. When complete, Westar will become a wholly owned subsidiary of Great Plains Energy, which also owns Kansas City Power and […]

Distributed energy firm Vivint Solar has terminated an agreement under which it would have merged with renewables giant SunEdison in a $2.2 billion deal. The Lehi, Utah–based company told investors on March 8 that it had delivered a letter notifying SunEdison that the merger agreement had been terminated, owing to SunEdison’s “failure to meet obligations” […]

Entergy Corp. announced on March 4 that three of its subsidiaries had closed on a transaction to purchase the 1,980-MW Union Power Station near El Dorado, Ark. The plant includes four combined cycle gas turbine (CCGT) units, each rated at 495 MW. Each unit operates two GE 7-FA combustion turbines with inlet air fogging, two […]