FERC approved the proposed merger of Exelon and Pepco Holdings; SunEdison and TerraForm Power agreed to acquire First Wind for $2.4 billion; NorthWestern Energy closed on its $900 million purchase of facilities from PPL Montana; Siemens Energy Management partnered with Microsoft and FuelCell Energy to develop the nation's first zero-carbon, waste-to-energy data center; ABB commissioned a power solution that will control power flow and enhance grid stability in Michigan; AES Southland was awarded a 20-year PPA by Southern California Edison to provide 100 MW of interconnected battery-based energy storage; Renewable Energy Systems Americas developed what will be the largest, fully commercial energy storage projects in North America; Westinghouse Electric, China's State Nuclear Power Technology Corp., and Electricity Generation Co. agreed to develop and construct a four-unit nuclear power plant site in the Republic of Turkey. And others ...
PPL Montana sold its hydroelectric facilities to NorthWestern Energy for $900 million; Chesapeake Utilities sold BravePoint; Echelon completed the sale of its grid operations to S&T AG; Plus a debt redemption from Virginia Electric & Power, a private placement offering from DPL, and an IPO for Dominion Midstream Partners.
Siemens will provide the grid connection for an offshore wind farm off the coast of the U.K.; ABB will supply gas-insulated switchgear for substations in New Jersey; A team from the Microgrid Institute will design, simulate, and test microgrid control systems for two Maryland suburbs; Plus solar power developments by Xcel Energy, SunEdison, ReneSola, and Duke Energy; and others…
Market manipulation versus the right to make a profit.
The dash to gas brings volatility in shareholder performance.
Fortnightly’s 2013 ranking of shareholder value performance shows substantial changes, with gas prices weighing on some utilities and elevating others.