assets

Gas Natural Inc.’s wholly owned subsidiary, Public Gas Company, signed a definitive agreement to sell all of its assets used in the operation of its Kentucky utility business to Kentucky Frontier Gas for $1.9 million in cash. The closing is subject to customary closing conditions, as well as regulatory approvals. Public Gas Company, a Kentucky corporation, annually distributes 147.4 million cubic feet within seven counties in eastern Kentucky.

Echelon signed a definitive agreement to sell its grid operations to S&T AG, a publicly traded European IT systems provider. The companies expect the deal to close by the end of the year. Under the terms of the agreement, Echelon will receive approximately $5 million in upfront consideration, dependent in part on the value of net assets at closing. Echelon will also become a supplier of its narrowband high-reliability power line communications chips to S&T for use in their smart meters and related products.

NRG Energy and Edison Mission Energy (EME) jointly announced that the Federal Energy Regulatory Commission (FERC) has approved the sale of substantially all of EME's assets to NRG. The acquisition of EME's portfolio of renewable and conventional generation assets will create the second-largest US power company. EME will add nearly 8,000 MW of generating capacity to the combined company's diverse portfolio of both conventional and wind generation facilities. The transaction closed on April 1, 2014.