Sale

California regulators have denied Pacific Gas & Electric’s (PG&E’s) plan to sell a multibillion-dollar stake in the utility’s power generation fleet to a New York-based investment firm. Oakland-based PG&E, which has been seeking to raise money for future operations and to help recover from financial losses due to a series of California wildfires, wanted regulatory […]

The U.S. government has announced the first-ever sale of offshore wind development rights off the California coast. The Dept. of Interior (DOI) on Oct. 18 said it would hold the event on Dec. 6, in an effort to spur industry growth in the waters of the Pacific Ocean. The agency said the sale will include […]

BKV Corp., a privately held natural gas exploration and production company headquartered in Denver, Colorado, said it will purchase the Temple 1 power plant in Temple, Texas. The deal, valued at $430 million and subject to customary closing conditions, is expected to close in the fourth quarter of 2021. “We’re excited about this acquisition, and […]

Material changes to the UK peak power and capacity markets sector has resulted in 3 major reserve power facilities becoming insolvent. As a result, 44MW of standby power generator assets are available for sale either in-situ, to take advantage of STOR, FFR and future capacity markets, or piecemeal for removal. Dan Hurd of Ernst Young, […]

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 power business. “We have made our decision that over the next 12 to 18 months we’re going to exit competitive generation and become a fully […]

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 […]

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 […]

Entergy Corp. announced on July 13 that it is in discussions with Exelon Corp. concerning the potential sale of the James A. FitzPatrick Nuclear Power Plant in Scriba, N.Y. The news comes following the release of the New York Department of Public Service’s proposal to subsidize zero-emissions attributes of upstate nuclear power plants, including FitzPatrick […]

The Tennessee Valley Authority (TVA) board of directors voted on May 5 to surplus the Bellefonte Nuclear Plant property in northern Alabama so it can be offered for sale and potentially put to better use. The decision comes after months of consideration. On February 16, the TVA notified employees, customers, economic development interests, other stakeholders, […]

Dynegy Inc. and Energy Capital Partners (ECP), through a newly formed joint venture, have agreed to acquire ENGIE’s U.S. fossil-fueled power generation portfolio, consisting of 8,731 MW of capacity located in the ERCOT, PJM, and ISO–New England transmission regions. The $3.3 billion deal was announced on February 25, with an expected closing date in the […]