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Emera Completes Sale of Interest in Northeast Wind

Submitted by aburr on Sun, 2015-02-01 14:28

Emera closed the sale of its 49% interest in Northeast Wind Partners II (Northeast Wind) to First Wind Holdings (First Wind) has closed. The proposed sale was announced in November 2014. Northeast Wind owns and operates 419 MW of wind generating assets located in the northeast United States. First Wind purchased Emera's interest in Northeast Wind for $223.3 million. Emera's carrying value of its 49% interest as of December 31st, 2014, was $204.4 million.

Digest (February 2015)

Europe’s largest battery-storage project was officially opened in England; CODA Energy announced operation of the largest behind the meter lithium-ion energy storage system in the Los Angeles basin; FERC approved construction of Constitution Pipeline’s natural gas pipeline to New York and New England markets; FERC approved a facilities construction agreement for Minnesota Power’s Great Northern Transmission Line; General Electric received an order from the Tennessee Valley Authority for two high-efficiency 7HA.02 gas-fired turbine generators; A Renewable Energy Southern Company subsidiary plans to develop a 131- MW PV solar project in Georgia; GE Global Research and others partnered on a research project to improve reliability and resiliency of electricity delivery in northern New York; Duke Energy Renewables acquired the Halifax Solar Power Project from Geenex and ET Solar Energy;  Dominion Resources agreed to purchase Carolina Gas Transmission from SCANA Corp.; and others...

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Early Clean Power Planning

A hedging strategy for sec. 111(d).

While the public comment period on EPA’s Clean Power Plan proposed rule has closed, there are still opportunities to engage in the federal policymaking process before the summer 2015 release of the final rule.
Byline: 

Kyle Danish, Doug Smith & Avi Zevin

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PJM's Three-Way Proposal

A re-defined capacity product, revised parameters for generator performance, and a new role for demand response.

The proposal creates a new capacity product called the “Capacity Performance Resource.”
Byline: 

Bruce W. Radford

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Playing Safe with Capacity Markets

PJM would minimize risk, but so did regulation.

Changes envisioned by PJM call for ever more structured markets, further reducing the scope of the competitive landscape from which RTOs arose. They may produce a system that is actually more costly and less innovative than regulation.
Byline: 

David K. Bellman

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Nuclear's New Chance

Reprocessing nuclear fuel is a sustainable and viable option.

Reprocessing nuclear fuel separates the uranium and the plutonium for the rest of the spent fuel, enabling plant operators to reuse the uranium. But concerns over nuclear proliferation are stopping it in this country.
Byline: 

Tim Echols

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Microgrids: Friend or Foe for Utilities?

For many, it’s the next logical step for smart grid technology.

A small, but growing, number of utilities are embracing these technologies. Microgrids offer a networking platform that the utility can both aggregate and optimize.
Byline: 

Peter Asmus

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New York's Natural Gas Path

The state is diverging from the national trend.

New York is taking its own path and outlawing the use of high-volume natural gas fracking. Yet, the state will remain a voracious consumer of natural gas that is fracked elsewhere. What gives?
Byline: 

Ken Silverstein

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Our Nuclear Lifeline

Learning from the tragedy of Vermont Yankee.

Learning from the tragedy of Vermont Yankee. Can merchant nuclear operators compete in the market place with cheap natural gas and subsidized renewables?
Byline: 

Judd Gregg

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Transactions (February 2015)

ONEOK Partners completed its acquisition of assets from Chevron affiliates for about $800 million; Dominion Resources agreed to purchase Carolina Gas Transmission from SCANA Corp. for about $492.9 million; Entergy subsidiaries acquired the Union Power Station for $948 million; ALLETE Clean Energy acquired a 108-MW wind generation facility; Duke Energy Renewables acquired the Halifax Solar Power Project from Geenex and ET Solar Energy; Pattern Energy Group acquired the 200-MW Logan’s Gap Wind project in Texas for about $113 million; An affiliate of Starwood Energy Group Global agreed to acquire a 369-MW portfolio of three natural gas facilities from Lakeside Energy; NextEra Energy and Hawaiian Electric Industries agreed to combine.

 

 

 

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