UNS Energy
People (June 2014)
CMS Energy names Brian Rich as vp and CIO; New York Independent System Operator names Michael Bemis as board chair; Southern California Edison elects Connie J. Erickson as v.p. and controller; CenterPoint Energy names Dana O’Brien senior v.p. and general counsel.
Federal Energy Regulatory Commission Approves Acquisition of UNS Energy by Fortis
Submitted by aburr on Tue, 2014-04-08 16:37The Federal Energy Regulatory Commission (FERC) approved the acquisition of UNS Energy by Fortis, finding the transaction is consistent with the public interest. The ruling is the next step toward finalizing the transaction. UNS Energy shareholders approved the acquisition on March 26, 2014.
Digest
People (February 2014)
UNS Energy Agrees to Be Acquired by Fortis Utility Group
Submitted by aburr on Tue, 2013-12-17 13:29UNS Energy approved a definitive merger agreement with Fortis, Canada’s largest investor-owned gas and electric distribution utility, that calls for Fortis to acquire all of the outstanding common stock of UNS Energy for $60.25 per share in cash. The $4.3 billion transaction, which includes the assumption of approximately $1.8 billion in debt, would provide additional capital and new resources for UNS Energy’s subsidiaries, including Tucson Electric Power (TEP) and UniSource Energy Services (UES).
People (October 2013)
The Fortnightly 40 Best Energy Companies
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.