JinkoSolar to Provide 35 MW to Clenera for the Arizona Avalon Solar Project

JinkoSolar Holding Co., Ltd. (JinkoSolar) will supply 35 MW of solar PV modules to Clenera, a clean energy finance and management firm, for the construction of the Avalon Solar Project. According to terms of the agreement, groundbreaking is expected to begin during the second quarter of 2014, with an anticipated completion date during the fourth quarter of 2014. Swinerton Renewable Energy will provide EPC services for the project. The power will be sold to Tucson Electric Power.

El Paso to Buy Natural Gas Assets from Kinder Morgan for $2B

El Paso Pipeline Partners acquired from Kinder Morgan Inc., KMI’s 50 percent interest in Ruby Pipeline, 50 percent interest in Gulf LNG and 47.5 percent interest in Young Gas Storage. The transaction value is approximately $2 billion, including $1.012 billion of proportionate debt at Ruby and Gulf LNG, resulting in an equity purchase price of $972 million. EPB plans to fund 10 percent of the transaction value, net of the proportionate debt, with EPB common units that will be issued to KMI at closing valued at approximately $97.2 million.

GE Offers $13.5 Billion Enterprise Value to Acquire Alstom Thermal, Renewables, and Grid Businesses

GE submitted a binding offer to acquire the thermal, renewables (power) and grid businesses of Alstom consisting of $13.5 billion enterprise value and $3.4 billion of net cash, totaling $16.9 billion. The Alstom board of directors has positively received GE’s offer and has appointed a committee of independent directors led by Jean-Martin Folz to review the transaction.

Exelon to Acquire Pepco Holdings

Exelon and Pepco Holdings signed a definitive agreement to combine the two companies in an all-cash transaction. The agreement, which has been unanimously approved by both companies’ boards of directors, brings together Exelon’s three electric and gas utilities – BGE, ComEd and PECO – and Pepco Holdings’ electric and gas utilities – Atlantic City Electric, Delmarva Power and Pepco – to create the leading Mid-Atlantic electric and gas utility.

Strata Completes Nine New Solar Projects across North Carolina

Strata Solar installed nine utility-scale solar projects across North Carolina using more than $100mm of tax-equity financing provided by a subsidiary of Wells Fargo & Company. North Carolina utility Progress Energy Carolinas will purchase the power. The three largest projects - Bladenboro, Wagstaff and Nash 58 - all exceed six MWs in capacity and provide a boost to the local tax base without requiring additional county expenditures on sewer, roads or any other infrastructure.

Itron Selected to Modernize and Manage Southern Connecticut Gas Metering System

The Southern Connecticut Gas Company (SCG) selected Itron to modernize and manage its metering system. The solution will help SCG optimize the delivery of natural gas, improve customer service and streamline business operations. SCG will utilize Itron TOTAL AMI to run, manage and maintain their gas meter reading system for 20 years. Itron will be responsible for the installation and maintenance of the entire system, including 220,000 Itron gas communication modules and associated fixed-network infrastructure.

U.S. Military Prequalifies Four-Company Consortium for Solar Bids

The U.S. Army Corps of Engineers pre-qualified a four-company team led by TransGen Energy to bid for solar projects at U.S. military installations throughout the United States and its territories. TransGen Energy is serving as prime contractor for the TransGen Solar Team. The team will deliver solar projects under PPAs with the U.S. Department of Defense. Another team member is ConEdison Solutions and will oversee and operate each installed solar facility. The third partner, Quanta Solar Solutions and they will install the awarded solar sites.

49th Edison Electric Institute Financial Conference

The 49th EEI Financial Conference is the premier venue for executive level discussions on utility industry financial issues and business strategies. Join chief executives, chief financial officers, treasurers and investor relations executives as they meet with financial community in Dallas.  The conference features general sessions, executive panels, and company financial presentations.

A Safe and Sustainable Future

These are truly exciting times. The coming decades will present humanity with potentially graver and bigger challenges than anything previously encountered. We have a unique opportunity to shape a future where the planet thrives, where human creativity and collaboration can flourish and where society is equal, stable and prosperous. But we must act.

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