NTE Carolinas entered into a long-term PPA with the City of Concord, North Carolina. Under the terms of the agreement, NTE's Kings Mountain Energy Center will provide Concord with electric generation services for an initial 20-year term. In July 2014, NTE secured an equity investment for its three natural gas-fired power plants, including the Kings Mountain Energy Center, from Capital Dynamics and Wattage Finance. Construction of the facility is anticipated to begin in the second-quarter 2015, and commercial operation is scheduled to begin in the first-quarter 2018.

Starwood Energy Group Global, a private investment firm focused on energy infrastructure, announced that an affiliate has entered into an agreement with Lakeside Energy to acquire Lakeside Generation, a 369-MW portfolio of three natural gas facilities, one located in Pennsylvania and two in New York. The portfolio consists of Hazleton, a 158-MW peaking facility in Pennsylvania; Syracuse, a 103-MW combined cycle facility in New York; and Beaver Falls, a 108-MW cogeneration combined cycle facility in New York.

NextEra Energy and Hawaiian Electric Industries (HEI) announced a definitive agreement under which the companies have agreed to combine. The transaction, which is valued at approximately $4.3 billion, includes the assumption of $1.7 billion in HEI debt and excludes HEI's banking subsidiary.

Entergy subsidiaries, Entergy Arkansas, Entergy Gulf States Louisiana, and Entergy Texas have signed an agreement to acquire the Union Power Station, a highly efficient, natural gas-fired 1,980-MW generating facility. The station is owned by Union Power Partners, an independent power producer, and wholly owned by Entegra TC. The Union Power Station, which entered commercial service in 2003, consists of four combined-cycle gas-fired generating units, or CCGTs, each rated at 495 MW.