merger

Energy People: Jim Rogers

We talked with Jim Rogers, former CEO of Duke Energy.

Duke is now made up of five companies that existed in 1992. There are three difficult tasks in doing a successful combination. One is to negotiate it. The second, maybe the most difficult task, is actually getting the approval at both the state and federal levels. And lastly, the really hard work of combining the companies. It’s getting the cost savings as well as the revenue enhancements associated with the transaction. It is keeping the most talented people.

Byline:

Jim Rogers, with Steve Mitnick

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Southern Company, AGL Resources File Request with New Jersey Regulators for Merger Approval

Submitted by aburr on Tue, 2015-11-10 12:51

In a joint filing with the New Jersey Board of Public Utilities, Southern Company and AGL Resources requested regulatory approval of the companies' proposed merger. AGL Resources is the parent company of Elizabethtown Gas. When completed, the combination of Southern Company and AGL Resources is expected to create the second-largest utility company in the U.S. by customer base.

Keeping Employees Engaged

To win hearts and minds, it takes more than a t-shirt and a coffee mug.

Employee engagement can become a company strength that supports utilities through challenging times. Consider employee engagement a strategic investment in coping with disruptive change.

Byline:

John Egan

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Chesapeake Utilities Acquires Gatherco – A Midstream Service Provider

Submitted by aburr on Thu, 2015-02-12 13:35

Chesapeake Utilities and Gatherco, a natural gas infrastructure company providing natural gas midstream services, entered into a merger agreement, dated as of January 30, 2015 under which Chesapeake Utilities will acquire Gatherco. Upon consummation of the transaction, Gatherco will merge into Aspire Energy of Ohio (Aspire Energy), a wholly-owned subsidiary of Chesapeake Utilities. The transaction was approved by the Gatherco board of directors and by Chesapeake Utilities' merger and acquisition committee.

Microgrid Alliance joins Association for Demand Response & Smart Grid

Submitted by aburr on Sun, 2015-02-01 14:36

The Microgrid Alliance (MGA) and the Association for Demand Response & Smart Grid (ADS) joined forces, with MGA becoming part of ADS. The Microgrid Alliance was established in early 2014 to bring together companies and individuals involved in or interested in the microgrid space so that they could exchange information and expertise, and collaborate on activities.

NextEra Energy and Hawaiian Electric Industries to Combine

Submitted by aburr on Fri, 2014-12-12 14:19

NextEra Energy and Hawaiian Electric Industries (HEI) announced a definitive agreement under which the companies have agreed to combine. The transaction, which is valued at approximately $4.3 billion, includes the assumption of $1.7 billion in HEI debt and excludes HEI's banking subsidiary.

FERC Approves Merger of Exelon and Pepco Holdings

Submitted by aburr on Wed, 2014-11-26 13:35

FERC approved the proposed merger of Exelon and Pepco Holdings. The companies announced their proposed merger on April 30. The combination of the companies will bring together Exelon's three electric and gas utilities - BGE, ComEd and PECO - and Pepco Holdings' (PHI's) three electric and gas utilities - Atlantic City Electric, Delmarva Power and Pepco - to create the leading mid-Atlantic electric and gas utility.

Comverge and Constellation to Combine Commercial and Industrial Demand Response Businesses to Form New Company

Submitted by aburr on Thu, 2014-10-16 15:29

Comverge and Constellation signed an agreement to combine their demand response businesses serving commercial and industrial (C&I) customers. The combined business will be operated as a new standalone company independent from Comverge and Constellation and will focus on delivering a full spectrum of demand response offerings to C&I customers across the United States. The merged enterprise will become one of the largest demand response companies in the industry. H.I.G.