agreement

Spanish energy giant Iberdrola announced it has finalized an agreement to sell much of its power generation portfolio in Mexico to that country’s government. The $6 billion deal, first announced in April and completed June 12, will see Mexico take state control and operation of several power plants, including a dozen natural gas-fired facilities that […]

Stronger long-term strategic partnership for investment sharing and access to Asian markets Beijing, February 22, 2017 – Today, during the Business Forum Italia-Cina in Beijing, with Italian President Sergio Mattarella and People’s Republic of China President Xi Jinping in attendance, a Memorandum of Understanding was signed by Cassa depositi e prestiti Group (represented by Chief […]

American Electric Power (AEP), through its subsidiary AEP Ohio, announced on Dec. 14 that it had filed a stipulated agreement with the Public Utilities Commission of Ohio (PUCO) in support of the company’s expanded power purchase agreement. Details of the Agreement The stipulated agreement, which the company expects the PUCO to rule on in early […]

Duke Energy Indiana reached a settlement agreement with some of the state’s key consumer groups related to operating costs at its Edwardsport integrated gasification combined cycle (IGCC) coal power plant. The deal was submitted to state regulators on Sept. 18 and is subject to Indiana Utility Regulatory Commission (IURC) approval. If approved, it would resolve […]

In a deal said to be the largest ever involving electric cooperatives, a group of 12 cooperatives completed the purchase of Alliant Energy’s electric service territory in southern Minnesota, which serves more than 43,000 customers. The agreement was signed in September 2013 between Interstate Power and Light Co. (IPL)—Alliant’s Iowa utility—and Southern Minnesota Energy Cooperative […]

The U.S. Department of Energy, U.S. Department of the Interior, and the U.S. Department of the Army for Civil Works announced on March 24 that the three agencies would continue to collaborate on hydropower development for at least another five years. The agreement extends a memorandum of understanding (MOU) the three agencies originally signed in […]

The Egypt Economic Development Conference (EEDC) in Sharm El-Sheikh resulted in some big agreements for the Egyptian government including a reported $10.5 billion deal with Siemens and a $1.7 billion order with GE. The conference was held March 13–15, 2015, and was purported to be a key milestone of the government’s medium term economic development […]

Michigan Gov. Rick Snyder announced a series of deals designed to eliminate a costly utility rate payment in the state’s Upper Peninsula (UP), while providing long-term, cost-effective energy reliability for the region. The solution was developed through four principle agreements. In one, the electric utility businesses now owned by We Energies and Integrys (doing business […]

While meeting in Vienna on Sept. 22 for the 58th International Atomic Energy Agency General Conference, representatives from the Republic of South Africa (RSA) and the Russian Federation signed an Intergovernmental Agreement on Strategic Partnership and Cooperation in Nuclear Energy and Industry. “South Africa today, as never before, is interested in [the] massive development of […]

Arizona Public Service Co. (APS), the Federal Energy Regulatory Commission (FERC), and the North American Electric Reliability Corp. (NERC) reached a settlement on July 7 related to the Sept. 8, 2011 blackout that left more than 5 million people in the Southwest without power. As a result of the agreement, APS will pay a $3.25 […]