mergers and acquisitions
FERC issued an order extending the time it has to review the proposed purchase of Energy Harbor by Vistra to next spring after several parties raised market concerns over the deal between two existing PJM generation owners.
Vistra Energy's deal to buy Energy Harbor ran into opposition at FERC, where parties argued it would harm Ohio's retail market and further concentrate PJM's wholesale market.
While PNM awaits a court decision that could revive a merger with Avangrid, PNM officials say they’ll keep running the company like it’s a standalone business.
N.M. regulators shot down Avangrid’s proposed acquisition of PNM Resources after officials pointed to Avangrid’s “demonstrated record of poor performance.”
Avangrid is facing increasing scrutiny from regulators following allegations that the company purchased millions in unnecessary equipment to boost profits.
OGE Energy and CenterPoint Energy have completed their sale of their Enable Midstream Partners gas-gathering partnership to Energy Transfer Partners.
FERC approved PPL’s purchase of Narragansett Electric in Rhode Island from National Grid for $3.8 billion, giving the Pa.-based company a foothold in ISO-NE.
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