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Tokai Carbon

Digest

ISO New England approves Northern Pass transmission project; Southern California Edison selects Quanta PAR to build Tehachapi transmission line segments; Pennsylvania PUC approves PPL $335 million grid project; Southern Company completes smart grid investments; U.S. Army Reserve contracts ConEdison Solutions for efficiency and maintenance support services; plus announcements and contracts involving Honeywell, Stor Generation, Salt River Project, Landis+Gyr, Abengoa, Constellation, and others.
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Transactions (March 2014)

SCE&G acquires larger share of VC Summer nuclear project; APS buys SCE's share of Four Corners power plant; Allete (Minnesota Power) acquires from AES 231 MW of wind farms in four states; EdF acquires 194-MW Texas wind project; NRG issues $1.1 billion in bonds; ComEd floats $650 million in two tranches; plus transactions involving TransCanada, Alterra, PSEG, and others totaling $3.4 billion.

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TransCanada Reaches Agreement to Sell Cancarb Limited

Submitted by aburr on Wed, 2014-01-29 12:39

TransCanada reached an agreement to sell Cancarb Limited (Cancarb) and its related power generation facility to Tokai Carbon for aggregate gross proceeds of $190 million, plus customary adjustments. The transaction is expected to close late in the first quarter of 2014, subject to various approvals. Cancarb is the world's largest producer of "thermal carbon black," a specialized form of carbon derived from super-heated natural gas, which is used in a wide range of industrial and automotive products.