Dominion acquired a 20-MW solar facility in California from E.ON North America. The facility is expected to enter service in the second quarter of 2015. Alamo Solar is located in San Bernardino County near Helendale, Calif. It has secured a 20-year PPA and an interconnection agreement. Financial details were not disclosed.
Duke Energy bought a 7.5-percent ownership stake in the proposed and previously announced $3-billion Sabal Trail natural gas pipeline that will traverse Alabama, Georgia and Florida to meet the growing need for natural gas in those states. Duke Energy's commercial power business unit will invest approximately $225 million in the approximately 500-mile underground pipeline - from Tallapoosa County, Ala., to Osceola County, Fla. - during the next seven years. The pipeline, scheduled to begin service in 2017, requires federal and other regulatory approvals.
NextEra Energy Partners completed its previously announced agreement to acquire approximately 664 MW of operating renewable power generation assets from the sponsor, NextEra Energy Resources. The additional facilities include: Ashtabula Wind III, a 62.4-MW wind generating facility located in Barnes County, N.D.; Baldwin, a 102.4-MW wind generating facility located in Burleigh County, N.D.; Mammoth Plains, a 198.9-MW wind generating facility located in Dewey and Blaine Counties, Okla.; and Stateline, a 300-MW wind generating facility located on the border of
Sempra U.S. Gas & Power acquired the Black Oak Getty wind project in Minnesota from Geronimo Energy.
Duke Energy completed the sale of its non-regulated Midwest Commercial Generation Business to Dynegy for $2.8 billion in cash. The transaction includes ownership interests in 11 power plants and Duke Energy Retail Sales, the company's retail business in Ohio. The non-regulated Midwest generation business sold to Dynegy includes 11 merchant power plants in Ohio, Illinois and Pennsylvania with a capacity of approximately 6,100 MW. The company began the process to exit its non-regulated Midwest Commercial Generation Business in February 2014.
Renewable Energy Trust Capital (RET Capital) closed on over $200 million in financing for four solar projects in the U.S. and Canada. The independent renewable finance platform closed a CAD $115 million non-recourse debt to support the acquisition of two solar facilities in Ontario, Canada.
FuelCell Energy reported the closing of its definitive agreement to sell a 1.4-MW fuel cell power plant project at the University of Bridgeport to NRG Energy. Concurrent with the closing, a subsidiary of NRG, NRG Yield, acquired the project; the first-ever fuel cell project placed into any yieldco. The University of Bridgeport will buy the electricity and heat produced by the fuel cell power plant under a multi-year PPA.
Florida Power & Light (FPL) filed a petition with the Florida Public Service Commission (PSC) to request approval to acquire a power plant that it has had under a long-term contract to purchase power since 1988. Upon taking ownership of the Cedar Bay Generating Plant, a 250-MW coal-fired facility located in Jacksonville, Fla., FPL plans to immediately terminate the contract and reduce the plant's operations by 90 percent, with the intention of eventually phasing the plant out of service.
One of Starwood Energy Group Global's (Starwood Energy) affiliates completed the purchase of the Quail Run Energy Center natural gas-fired combined cycle electric power generating facility in Odessa, Texas. Starwood Energy assumed ownership and began operating the power plant in January. The electric power generating facility began commercial operations in 2007 and has a nominal capacity of 550 MW. The facility provides electric power to the Electric Reliability Council of Texas (ERCOT).
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.