Comrent, Largest Power-Testing Infrastructure Provider, Acquired by Sunbelt Rentals Comrent International, a U.S.-based leading power-testing infrastructure provider specializing in load bank solutions for more than two decades, announced it has been acquired by Sunbelt Rentals. The combination of Comrent and Sunbelt Rentals broadens both companies’ product portfolios and enhances their current market reach to provide … Continue reading #Comrent, Largest Power-Testing Infrastructure Provider, Acquired by #Sunbelt Rentals→
CNPPID formally agrees to merger study with DPPD (HOLDREGE, Neb.) – The Central Nebraska Public Power and Irrigation District’s board of directors approved a motion at Monday’s monthly meeting to enter into a joint study with the Dawson County Public Power District to evaluate the potential benefits consolidating the two entities. The study will be … Continue reading #CNPPID formally agrees to merger study with #DPPD→
Avangrid to acquire PNM Resources in $4.3B deal New Mexico woke up Wednesday morning to the jolting news that PNM Resources – the parent firm of Public Service Company of New Mexico – has reached an agreement to be acquired by Connecticut-based utility and renewable energy development company Avangrid for $4.3 billion. The deal, which … Continue reading #Avangrid to acquire #PNM Resources in $4.3B deal→
Duke/NextEra And Another Wave Of Utility M&A Not even rock-solid business resilience to Covid-19 fallout has been enough to swing US electric utilities from laggards to leaders this year. But another wave of mergers and acquisitions just might do the trick. Joining NextEra Energy (NEE) with Duke Energy (DUK) would create the US’s biggest electric … Continue reading #Duke / #NextEra And Another Wave Of Utility M&A→
CenterPoint Energy Announces Sale of CenterPoint Energy Services Business to Energy Capital Partners – Sale supports further emphasis on CenterPoint Energy’s core utility operations – ECP to support CES’ continued focus on providing the highest level of customer service – Transaction is expected to close in Second Quarter HOUSTON, Feb. 24, 2020 /PRNewswire/ — CenterPoint … Continue reading #CenterPoint+Energy Announces Sale of CenterPoint Energy Services Business to #Energy_Capital_Partners→
Florida Power & Light parent to buy Gulf Power in multi billion-dollar deal In a major move in the state’s utility industry, the parent company of Florida Power & Light said Monday it will buy Northwest Florida’s Gulf Power as part of a $6.475 billion deal. NextEra Energy Inc. plans to buy Gulf Power, the … Continue reading #Florida_Power_&_Light parent to buy #Gulf_Power in multi billion-dollar deal→
Texas Commission Okays Sempra’s (SRE) Oncor Acquisition Sempra Energy recently cleared the final regulatory red tape in its acquisition of Oncor, following the receipt of the Public Utility Commission of Texas’ (“PUCT”) approval for the deal. PUCT’s sanction is a significant milestone achieved by the company as it will facilitate the completion of the pending … Continue reading #Texas Commission Okays #Sempra ‘s (#SRE) #Oncor Acquisition→
Texas PUC directs staff to draft order approving Oncor-Sempra deal The Public Utility Commission of Texas on Thursday directed its staff to draft an order approving Sempra Energy’s purchase of Oncor Electric Delivery, majority owner of Texas’ largest transmission system, in a deal valued at almost $16.5 billion. DeAnn Walker, who chairs the PUC, directed … Continue reading Texas PUC directs staff to draft order approving Oncor-Sempra deal→
BLACK INVESTMENT FIRM EXPANDS INTO GAS AND ELECTRIC INDUSTRY WITH SHREWD ACQUISITION Adding to a broad mix of companies it owns, builds up or capitalizes, IMB Development Corp. has acquired LaFata Contract Services (LCS) for an undisclosed amount. IMB Development is a New York City-based black investment firm that invests in companies in various industries … Continue reading BLACK INVESTMENT FIRM EXPANDS INTO GAS AND ELECTRIC INDUSTRY WITH SHREWD ACQUISITION→
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