acquisitions

After nearly two months of wooing, General Electric (GE) is finally going to get what it wants. On June 21, GE announced that the Alstom Board of Directors had chosen the GE offer to acquire the power and grid businesses over a separate offer proposed by Siemens and Mitsubishi Heavy Industries. GE said the offer […]

Siemens AG and Mitsubishi Heavy Industries Ltd. (MHI) announced on June 16 that they have submitted a proposal to Alstom, the French multinational conglomerate. The offer comes less than a week after the companies confirmed that they were considering a joint proposal and less than 2 months after General Electric (GE) made an offer to […]

NRG Energy’s shopping spree, which has seen it become the nation’s largest merchant generator through a string of acquisitions, continued this week as subsidiary NRG Yield announced on June 4 that it has agreed to acquire the mammoth Alta Wind facility in Tehachapi, Calif., from Terra-Gen Power LLC. The Alta Wind farm has an operating […]

NRG Energy will buy nearly 8,000 MW of generation capacity across the U.S. from bankrupt power firm Edison Mission Energy (EME) for $2.6 billion. The company entered into a plan sponsor agreement to acquire almost all EME’s assets, including EME’s generation portfolio and Edison Mission Marketing and Trading, a proprietary trading and asset management platform. […]