First Solar sold the 50-MW Macho Springs Solar Power Plant to a Southern Company subsidiary. DTE Energy purchased one of the Pheasant Run wind parks. Dominion acquired two stand-alone solar energy developments in southwest Tennessee. With asset sales by Suzlon Group, NextEra Energy Resources, and Strata Solar, and debt offerings by ITC Holdings and SunEdison.
Wells Fargo Securities
TECO acquires New Mexico Gas; Direct Energy acquires Bounce Energy; Duke floats $500 million in two tranches; plus debt deals from PPL Electric and Southern Power.
Utilities are enjoying some of the best financing terms anybody’s ever seen. Is the party winding down?
Conditions are ideal for utility financing—but not forever. Although interest rates remain low, policy changes weigh on capital structures.