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Digest (December 2014)

NRG Energy and MGM Resorts International completed installation of the world's largest rooftop solar array on a convention center;

Southern California Edison on November 5 announced the largest purchase of grid-connected energy storage in U.S. history. NRG Energy acquired Pure Energies Group; Duke Energy Progress filed with FERC for approval to purchase $1.2 billion in generating assets;

The U.S. Department of Energy authorized Bechtel to resume engineering work at a facility that will treat some of the nation's liquid radioactive waste; Burns & McDonnell plans to develop a grid stability awareness system;

Governor Andrew M. Cuomo announced the launch of New York's first energy management network operations center. And others...

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Cleco Enters Agreement to be Acquired by North American Investor Group

Submitted by aburr on Thu, 2014-10-23 12:47

Cleco Corporation entered into a definitive agreement to be acquired by a group of North American long-term infrastructure investors led by Macquarie Infrastructure and Real Assets (MIRA) and British Columbia Investment Management Corporation (bcIMC), together with John Hancock Financial and other infrastructure investors (collectively, "investor group"). The agreement values Cleco at approximately $4.7 billion, including approximately $1.3 billion of assumed debt.