Calendar of Events

Sep 29, 2014 to Oct 03, 2014 | Michigan State University, Lansing MI
Oct 01, 2014 to Oct 03, 2014 | Washington, DC

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Public Utilities Reports

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PPL Montana Agreement to Sell Hydroelectric Facilities Wins Regulatory Approval

PPL Montana has agreed to sell its hydroelectric facilities to NorthWestern Energy. Montana Public Service Commission voted to prepare an order approving NorthWestern Energy's request to purchase the facilities. The agreement includes PPL Montana's 11 hydroelectric power plants, which have a combined generating capacity of more than 630 MW, as well as the company's Hebgen Lake reservoir.

AES Sells 100% of its Equity Interests in 87.5 MW of Operating Wind Projects in the United Kingdom for $160 Million

AES entered into an agreement with SYND Holdco Limited, a joint venture of Greencoat UK Wind PLC and Swiss Life Funds Global Infrastructure Opportunities to sell 100% of its equity interests in four operating wind projects in the United Kingdom, totaling 87.5 MW, for $160 million, subject to customary purchase price adjustments. This transaction includes four operating wind projects in the United Kingdom: 28.6-MW Drone Hill; 22-MW North Rhins; 20.5-MW Sixpenny Wood; and 16.4-MW Yelvertoft.

Suzlon Announces Sale of 240 MW Big Sky Wind Farm to EverPower

Suzlon Group (Suzlon) completed the sale of the 240 MW Big Sky Wind Farm in Illinois to EverPower Wind Holdings, which was previously announced on April 9. Suzlon Group had recently acquired the Big Sky wind farm from Edison Mission Energy via their fully owned US-based subsidiary Suzlon Wind Energy Corp (SWECO). Suzlon and EverPower also agreed to a seven year service agreement, keeping SWECO involved in the project at the operations level.

Calpine Agrees to Sell Six Southeast Power Plants for $1.57 Billion

Calpine agreed to sell six power plants in its Southeast region to LS Power for $1.57 billion in cash, subject to working capital and other adjustments. Plants sold include: Oneta Energy Center (1,134 MW), Coweta, OK; Carville Energy Center (501 MW), St. Gabriel, LA; Decatur Energy Center (795 MW), Decatur, AL; Hog Bayou Energy Center (237 MW), Mobile, AL; Santa Rosa Energy Center (225 MW), Pace, Florida; Columbia Energy Center (606 MW), Calhoun County, SC.

Energen to Sell Its Natural Gas Utility to The Laclede Group

Energen signed a definitive stock purchase agreement to sell its natural gas utility business, Alabama Gas Corporation (Alagasco), to The Laclede Group. The value of the transaction is $1.6 billion, subject to customary closing adjustments, and is comprised of $1.28 billion in cash and approximately $320 million of debt. Energen's after-tax proceeds are estimated to be $1.1 billion, after consideration of accelerated intangible drilling costs.

Canadian Solar Completes the Sale of Little Creek Solar Power Plant to BluEarth

Canadian Solar Solutions completed the sale of Little Creek, an 8.5-MW solar power plant valued at over C$53.0 million ($47.95 USD), to a BluEarth Renewables subsidiary (BluEarth). This is the first of four planned solar projects being acquired by BluEarth from Canadian Solar, totaling 38.5 MW. The additional three utility-scale solar power plants being purchased by BluEarth, which are planned to reach commercial operation through Q2 2015, are located in Kawartha Lakes, Belleville and Beaverton, Ontario, Canada.

Planned NRG and Edison Mission Energy Merger Receives FERC Approval

NRG Energy and Edison Mission Energy (EME) jointly announced that the Federal Energy Regulatory Commission (FERC) has approved the sale of substantially all of EME's assets to NRG. The acquisition of EME's portfolio of renewable and conventional generation assets will create the second-largest US power company. EME will add nearly 8,000 MW of generating capacity to the combined company's diverse portfolio of both conventional and wind generation facilities.

Manitoba Hydro and Great River Energy Announce 600 MW Power Sale Memorandum of Understanding

Manitoba Hydro and Great River Energy signed a MOU to jointly investigate the sale of up to 600 MW of electricity from Manitoba Hydro to Great River Energy, commencing in approximately 2020. Under the MOU, the utilities have agreed to discuss supplying some of Great River Energy's long-term electricity needs from Manitoba Hydro's proposed new hydroelectric stations.