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UNS Energy

People (August 2015)

Rick Riley was named group v.p. of customer service and operations for Entergy Arkansas Inc. and will replace Hugh McDonald as president and CEO when McDonald retires in 2016; Edison Electric Institute chose Nicholas K. "Nick" Akins, chairman, president and CEO of American Electric Power, and also elected four vice chairmen; Appointments by American Electric Power, Con Edison, Georgia Power, Dominion Resources, American Transmission Co. and Pacific Gas and Electric; and others...
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People (June 2014)

CMS Energy names Brian Rich as vp and CIO; New York Independent System Operator names Michael Bemis as board chair; Southern California Edison elects Connie J. Erickson as v.p.  and controller; CenterPoint Energy names Dana O’Brien senior v.p. and general counsel.

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Federal Energy Regulatory Commission Approves Acquisition of UNS Energy by Fortis

Submitted by aburr on Tue, 2014-04-08 16:37

The Federal Energy Regulatory Commission (FERC) approved the acquisition of UNS Energy by Fortis, finding the transaction is consistent with the public interest. The ruling is the next step toward finalizing the transaction. UNS Energy shareholders approved the acquisition on March 26, 2014.

Digest

ABB commissions microgrid on Portuguese island; Panda orders Siemens generating units for 829-MW plant; Burlington Electric Department enters 54-MW PPA with First Wind; Tantalus and Itron contract for smart metering and smart grid system in Washington; EdF orders 220 MW of wind turbines from Vestas; MidAmerican orders 1,050 MW of wind turbines from Siemens; plus contracts and announcements from GE, PSEG, Arizona Public Service, Dominion, Entergy, Xcel, PSE&G, and others.
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People (February 2014)

Nick Akins becomes chairman of AEP board; Dominion names Diane Leopold president of Dominion Energy, and Robert Blue president of Virginia Power; Leila Vespoli becomes chief legal officer at FirstEnergy; PG&E promotes Gregg Lemler to v.p. of electric transmission; plus personnel changes at Consumers Energy, Xcel, Southern Nuclear, ITC, CenterPoint, and others.
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UNS Energy Agrees to Be Acquired by Fortis Utility Group

Submitted by aburr on Tue, 2013-12-17 13:29

UNS Energy approved a definitive merger agreement with Fortis, Canada’s largest investor-owned gas and electric distribution utility, that calls for Fortis to acquire all of the outstanding common stock of UNS Energy for $60.25 per share in cash. The $4.3 billion transaction, which includes the assumption of approximately $1.8 billion in debt, would provide additional capital and new resources for UNS Energy’s subsidiaries, including Tucson Electric Power (TEP) and UniSource Energy Services (UES).

People (October 2013)

Duke appoints Steve Young to replace Lynn Good as CFO; CenterPoint and OGE Energy name executives for their new natural gas partnership; First Solar hires Joe Kishkill as chief commercial officer; Pepco promotes Donna Cooper to president; Cleco changes executive management team; plus announcements and appointments at KCPL, Chesapeake, UNS, FirstEnergy, and EPRI.
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The Fortnightly 40 Best Energy Companies

The dash to gas brings volatility in shareholder performance.

Fortnightly’s 2013 ranking of shareholder value performance shows substantial changes, with gas prices weighing on some utilities and elevating others.

Byline: 

Michael T. Burr

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