An innovative approach to targeted retail aggregation.
How is it going?
Ann McCabe is a commissioner at the Illinois Commerce Commission. The views expressed in this article are her own.
Five years have passed since Commonwealth Edison and Ameren Illinois elected to participate in the Energy Infrastructure Modernization Act, which authorized $3.2 billion in grid hardening and smart meter investments. As a commissioner at the Illinois Commerce Commission, I am often asked: How is it going?
Deciding whether to go forward with a second license renewal.
FuelCell Energy closed its definitive agreement to sell a 1.4-MW fuel cell power plant project to NRG Energy; FPL proposes to purchase CBAS Power for a price of $520.5 million; Renewable Energy Trust secured CAD $115MM in financing to acquire the 12.6 MW DiscoveryLight and 14.2 MW FotoLight projects from Canadian Solar; b secured $86.2MM in financing to acquire the 31.26 MW DC McHenry Solar PV Plant in Modesto, Calif. and the 13.1 MW DC Heber Solar PV project in Imperial County, Calif.; Peabody Energy completed its offering of $1.0 billion aggregate principal amount of 10% senior secured second lien notes due 2022; AES intends to offer $575 million aggregate principal amount of senior notes due 2025; And others ...
Wisconsin Energy to acquire Integrys in a transaction valued at $9.1 billion; Dominion to acquire the CID Solar Project from EDF Renewable Energy; Landis+Gyr to acquire GRIDiant Corp.; PPL Corporation and Riverstone Holdings LLC to merge merchant power generation businesses into a new company Talen Energy Corporation; plus debt offerings totaling $1.5 billion.
PSEG names Tamara Linde as executive v.p. and general counsel upon Lon Bouknight’s retirement; NYISO elects Daniel B. More, formerly of Morgan Stanley, to its board of directors; Edison International announces board member France Cordova to resign in order to accept appointment by President Obama to serve as director of National Science Foundation.