FERC v. Ohio
Will the Feds weigh in on the great Buckeye brawl?
Ohio ratepayers could prosper if natural gas prices rise in the next few years, boosting revenues when the utilities resell into PJM markets.
Dynegy
People (July 2015)
OGE Energy chairman and CEO Pete Delaney stepped down from the CEO position to become the interim CEO of Enable Midstream Partners. In response, OGE named current president Sean Trauschke, as CEO. PJM Interconnection elected Terry Blackwell to the PJM board. Chesapeake Utilities appointed John R. Schimkaitis to serve as chairman of the board. Paul D. Koonce adds the role of president-Dominion Virginia Power to his responsibilities. And others...
Duke Energy Completes Sale of its Non-Regulated Midwest Generation Business to Dynegy
Submitted by aburr on Fri, 2015-04-17 15:09Duke Energy completed the sale of its non-regulated Midwest Commercial Generation Business to Dynegy for $2.8 billion in cash. The transaction includes ownership interests in 11 power plants and Duke Energy Retail Sales, the company's retail business in Ohio. The non-regulated Midwest generation business sold to Dynegy includes 11 merchant power plants in Ohio, Illinois and Pennsylvania with a capacity of approximately 6,100 MW. The company began the process to exit its non-regulated Midwest Commercial Generation Business in February 2014.
Transactions (December 2014)
NRG Energy acquired Pure Energies Group, a residential solar industry provider; Duke Energy Progress filed with FERC for approval to purchase the North Carolina Eastern Municipal Power Agency’s generating assets for $1.2 billion; Trina Solar Limited signed a share purchase agreement to sell a power plant to funds managed by Foresight Group LLP; AES entered into an agreement to sell its 49.62% equity interest in a joint venture in Turkey; Southern Power acquired the 150-MW Solar Gen 2 solar facility in California from First Solar; SolarCity is planning to launch what would be the first registered public offering of solar bonds in the US; and debt offerings from Dynegy and ComEd.
Digest (Oct 2014)
Vattenfall awards Siemens Energy contract for wind turbines; Minnesota Power to build solar energy array at Minnesota National Guard Camp Ripley; Echelon agrees to sell grid operations to S&T AG; DTE Energy teams with Ford Motor Company to build Michigan’s largest solar array.
Transactions (October 2014)
Pioneer Green Energy acquires Logan Gap wind project, agreement reached for Exelon to purchase Integrys Energy Group, AES agrees to purchase equity interest in SYND Holdco Ltd., Canadian Solar Solutions sells solar power plant Goo Light.
Duke Energy Sells Non-Regulated Midwest Generation Business for $2.8B
Submitted by aburr on Wed, 2014-08-27 13:49Dynegy plans to buy Duke Energy’s non-regulated Midwest Commercial Generation Business for $2.8 billion in cash, which includes ownership interests in 11 power plants and Duke Energy Retail Sales, the company's retail business in Ohio. The completion of the transaction is conditioned on approval from FERC, the expiration of the waiting period under the Hart-Scott Rodino Act, and the release of certain credit support obligations. Closing is expected to occur in three to six months.
Five Years Later
Wall Street is back in business. What’s next for utility finance?
When Lehman Brothers went bankrupt in September 2008, it marked the beginning of a financial crisis. By most accounts, the utility industry has been a picture of stability through tumultuous times. The view from Wall Street remains bullish – despite some reasons for concern.
Transactions (May 2013)
Dominion agreed to buy three merchant power plants from Energy Capital Partners; First Solar acquired the 150 MW Solar Gen 2 project; Dynegy subsidiary Illinois Power Holdings will acquire Ameren Energy Resources and three subsidiaries; and others ...
People (April 2013)
Southern Company makes changes in operations and power subsidiaries; Michael Chesser to leave KCPL board; Dynegy names new e.v.p.; Rolando Pablos resigns from Texas PUC; In Memoriam: Kris R. Nielsen.