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#Florida_Power_&_Light parent to buy #Gulf_Power in multi billion-dollar deal

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

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

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

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

#Brookfield acquires #Toshiba ‘s nuclear division, #Westinghouse_Electric, for $4.6B

Brookfield acquires Toshiba’s nuclear division, Westinghouse Electric, for $4.6B Brookfield Business Partners announced Thursday, Jan. 4 that it had agreed to buy Westinghouse Electric, Toshiba’s nuclear unit, in a deal valued at $4.6 billion. The Associated Press reports this deal comes on the heels of Westinghouse Electric Co., a nuclear unit of Toshiba, declaring for … Continue reading #Brookfield acquires #Toshiba ‘s nuclear division, #Westinghouse_Electric, for $4.6B

#Shell to supply energy to UK households after takeover of #First_Utility

Shell to supply energy to UK households after takeover of First Utility Move by Anglo-Dutch oil firm expected to shake up market whose competitiveness has been under intense political scrutiny The Anglo-Dutch oil company Shell will soon be selling electricity and gas direct to householders in the UK for the first time after buying one … Continue reading #Shell to supply energy to UK households after takeover of #First_Utility

Merger could bring close electric systems closer

Merger could bring close electric systems closer Jeff Dykes, CEO of BrightRidge, which until last month was known as the Johnson City Power Board, said merging BrightRidge and the Elizabethton Electric Department was a natural thing to study. The two utilities serve neighboring communities and face similar challenges from the Tennessee Valley Authority’s changing electric … Continue reading Merger could bring close electric systems closer

Massachusetts AG reviewing report on #Eversource, #Avangrid constraining pipelines

Massachusetts AG reviewing report on Eversource, Avangrid constraining pipelines Published last Tuesday, the new EDF report found that local gas distribution utilities owned by Eversource and Avangrid regularly scheduled more gas than they needed, only to cancel some of the orders later in the day — too late for the pipeline space to be resold. … Continue reading Massachusetts AG reviewing report on #Eversource, #Avangrid constraining pipelines