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PSEG Agrees to Sell 6.8-GW Fossil Fleet to ArcLight Capital

Public Service Enterprise Group (PSEG) has agreed to sell its 6.8-MW portfolio of non-nuclear generating assets—a fleet of 13 gas plants—to a fund controlled by ArcLight Capital Partners LLC for…


FirstEnergy Wants Out of Competitive Power Markets

FirstEnergy Corp.—one of the nation’s largest investor-owned electric utilities, serving customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York—has made the strategic decision to exit the competitive…


European Power Markets Force Changes at RWE, E.ON, and Vattenfall
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Persistently low prices on the wholesale electricity market are forcing RWE—the third-largest electricity provider in Europe, serving 16 million customers—to consider dismantling some gas-fired power plants and shipping them abroad,…


E.ON Agrees to Sell Italian Coal and Gas Power Generation Assets

Düsseldorf, Germany–based energy supplier E.ON announced on Jan. 12 that it would sell its Italian coal and gas generation assets to Energetický a Průmyslový Holding (EPH), a Czech energy company.…


AEP Looks to Sell Merchant Coal Fleet

According to a story first reported by Amanda Levin of TheStreet.com, American Electric Power Co. (AEP) has retained the services of Goldman, Sachs & Co. in an effort to unload…