Energen signs stock purchase to sell Alagasco to The Laclede Group; Calpine agrees to sell six power plants to LS Power; Exelon agrees to buy Pepco Holdings Inc.; GE offers to acquire power and grid businesses from Alstom.
GE submitted a binding offer to acquire the thermal, renewables (power) and grid businesses of Alstom consisting of $13.5 billion enterprise value and $3.4 billion of net cash, totaling $16.9 billion. The Alstom board of directors has positively received GE’s offer and has appointed a committee of independent directors led by Jean-Martin Folz to review the transaction.
Alstom will supply 5 Haliade' 150-6 MW offshore wind turbines for Deepwater Wind's 30-MW Block Island Wind Farm located off the coast of Rhode Island. Alstom will manufacture the turbines and will provide 15 years of operation and maintenance support. The project is aligned with The Bureau of Ocean Energy Management's "Smart from the Start" offshore wind program, which aims to accelerate the development of clean, renewable offshore wind along the eastern seaboard of the U.S.
ProEnergy named Charlie Athanasia as its COO and Craig Kingsley as its v.p. of turbine services. Prior to joining ProEnergy, Athanasia served as v.p. of Alstom’s thermal services business in North America. Kingsley has over twenty years of experience in the heavy industrial turbine market, including positions at Dresser-Rand, Turbine Generator Maintenance, Leading Edge Turbine Technologies, Sulzer (Hickham Industries) and General Electric.
Alstom was awarded a contract worth more than $90 million CA for Hydro-Québec’s La Romaine 3 power house, one of four new power houses that make up the 1,550-MW La Romaine hydroelectric complex, located on the north shore of the St. Lawrence River. The scope of the contract includes the supply of two 200-MW vertical Francis turbine-generator units complete with butterfly valves and regulation systems. Alstom will install and commission the equipment at the La Romaine 3 site. This contract was booked during first quarter of fiscal year 2013/2014.
Alstom won a long-term service contract to update GDF SUEZ Energy North America’s power plant fleet.
Abengoa and BrightSource Energy agreed to jointly develop, build, and operate what the companies say will be the world’s two largest solar power towers. GE began operating a prototype of what it calls the world’s most efficient high-output wind turbine. Hawaiian Electric Co. dedicated the new 5-MW Kalaeloa solar farm in West Oahu, Hawaii. And more...