OGE Energy chairman and CEO Pete Delaney stepped down from the CEO position to become the interim CEO of Enable Midstream Partners. In response, OGE named current president Sean Trauschke, as CEO. PJM Interconnection elected Terry Blackwell to the PJM board. Chesapeake Utilities appointed John R. Schimkaitis to serve as chairman of the board. Paul D. Koonce adds the role of president-Dominion Virginia Power to his responsibilities. And others...
Constellation and EdF transfer nuclear licenses to Exelon for $400 million; NRG closes $244 million acquisition of Gregory cogen plant in Texas; Vivint Solar secures $200 million for rooftop solar leases; Virginia Power floats $585 million in bonds; Southern Company issues $700 million; plus equity deals totaling $844 million and debt issues totaling $3.635 billion.
Atlantic Power sells 800 MW of generating capacity in Florida and Texas; Goldman Sachs buys Imperial Valley project from FirstSolar; Duke acquires two solar plants in California; Southern Company and Turner Renewable Energy buy Campo Verde project; plus other deals and issues totaling more than $2 billion.
Duke-American Transmission completed its previously announced purchase from Atlantic Power of 72 percent of the capacity of Path 15—an 84-mile, 500-kV transmission line in central California that connects the state’s northern and southern transmission grids. Pacific Gas & Electric owns 18 percent of the line's capacity through its ownership and operation of the connecting Los Banos and Gates substations. The remaining 10 percent is owned by Western Area Power Administration, which will continue to operate and maintain the line.
Dominion agreed to buy three merchant power plants from Energy Capital Partners; First Solar acquired the 150 MW Solar Gen 2 project; Dynegy subsidiary Illinois Power Holdings will acquire Ameren Energy Resources and three subsidiaries; and others ...
New Opportunities: Ben Fowke, chairman, president and CEO of Xcel Energy, was named to a committee composed of CEOs from the utility and nuclear industries that will receive regular briefings from the FBI, National Security Agency, Department of Energy, and Department of Homeland Security to begin cooperative efforts on cybersecurity issues.
Atlantic Power closed on its previously announced sale of interests in three Florida projects—Auburndale, Lake Cogen, and Pasco Cogen—to Quantum Utility Generation, a Houston-based generation company owned by Quantum Energy Partners and Canada Pension Plan Investment Board. The total sale price was approximately $140 million, with net proceeds of $117 million, after repayment of project-level debt at Auburndale and settlement of all outstanding natural gas swap agreements at Lake and Auburndale.