Quanta Services To Acquire InfraSource Services In All-Stock Transaction
Quanta Services, Inc. and InfraSource Services, Inc. have signed a definitive merger agreement under which Quanta will acquire InfraSource in an all-stock transaction valued at $1.26 billion based on Quanta's closing stock price on March 16, 2007....
Platts and Capgemini Quantify Top Utility Industry Issues in New Study
A new Platts/Capgemini study of senior executives at U.S. and Canadian utility companies finds that the most important issues facing the energy industry today are regulation, infrastructure investments and managing the risk associated with commodity price fluctuations. ...
FERC Approves 83 NERC Reliability Standards
The Federal Energy Regulatory Commission acted to assure the reliability of the nation’s bulk power system by finalizing 83 reliability standards proposed by the Commission-certified electric reliability organization (ERO). ...
Largest Utility Buyout Sets New Tone for Private Equity
After a decade marked more by false starts than successes for private equity trying to break into the electric-utility business, the announced $45 billion private equity buyout of TXU Corp. may be the breakthrough development that opens the traditional utility sector to a wave of new capital, management and innovation, according to White & Case partner Earle O'Donnell, the head of the firm's energy practice. ...
PJM Wholesale Electricity Markets Again Found Competitive
The wholesale electric energy markets operated by PJM Interconnection produced competitive results, according to the 2006 State of the Market Report, released by the independent Market Monitoring Unit for PJM. ...
PPL to Sell its Latin American Companies
PPL Corporation intends to sell its regulated electricity delivery operations in Chile, El Salvador and Bolivia....
EEI International Utility Award Winners Announced
The Czech-based CEZ Group and the Italian-based Acea SpA were named winners of the first-ever EEI International Utility Award, which recognizes the most outstanding financial results by European utilities in both large-cap and small-cap categories over a three-year period. ...
FERC Approves $53 Million Settlement from Western Energy Crisis
The Federal Energy Regulatory Commission has approved a comprehensive settlement among APX Inc. and about 30 other entities resolving claims arising from the parties’ participation in the California Power Exchange and California Independent System Operator energy markets from May 1, 2000, through June 20, 2001, using services provided by APX. ...
A New Kid on the Block
Kansas is one state where the people few and the land is plentiful. One would think the siting and building of transmission lines would not be that...
TXU Corp. Agrees to $45 Billion Buyout
TXU Corp. (Dallas, Texas, U.S.) has agreed to be acquired by an investor group led by Kohlberg Kravis Roberts & Co. (KKR) and Texas Pacific Group (TPG),...
Bayard Group Completes Cellnet Purchase
Bayard Group (Sydney, Australia), a global investor in energy measurement and efficiency technologies, has completed its US$705 million acquisition of...
NECA, IBEW Proactively Address Electrician Shortage
The National Electrical Contractors Association (NECA) and International Brotherhood of Electrical Workers (IBEW) have joined forces to address the shortage...
Nexans Completes Strategic Acquisition of The Valley Group
Nexans (Paris, France) has completed its acquisition of The Valley Group Inc. (TVG; Ridgefield, Connecticut, U.S.), a specialist in real-time thermal...
Protective Relays Exceed $1.5 Billion
Protective-relay usage patterns in the world's electric power business continue to grow, with the annual market exceeding US$1.5 billion, according to...
Northeast Utilities Contracts with AREVA
AREVA T&D has signed a contract with Northeast Utilities (NU) to provide high-voltage power transformers to be installed in Connecticut and New Hampshire....
Aquila's Sale of Kansas Electric Property Approved by Kansas Commission
Aquila, Inc. on Friday received notice from the Kansas Corporation Commission that the Commission has approved the sale of the company's Kansas electric properties to a group of utilities known collectively as Mid-Kansas Electric Co. Proceeds from the transaction will be used to reduce debt and other liabilities...
California's Costs for Coping with Power Grid Bottlenecks Plummet Nearly $200 Million
Good news for the California Grid. Thanks to the ISO’s collaborative efforts with utility transmission owners, market participants, and state and federal energy agencies, the California Independent System Operator Corporation (California ISO) was able to reduce the costs for maintaining grid reliability by $192 million dollars in 2006 as compared to the year before....
AEP, MidAmerican Transmission Joint Venture Proposes Transmission Plan for Renewable Energy Zones in Texas
Electric Transmission Texas LLC, a proposed joint venture between subsidiaries of American Electric Power and MidAmerican Energy Holdings Company, filed a transmission proposal with the Public Utility Commission of Texas for the construction of approximately 1000 miles of transmission lines to support development of the Competitive Renewable Energy Zones (CREZ) in Texas. ...
TXU to be Acquired by Investor Group
TXU Corp., together with Kohlberg Kravis Roberts & Co. and Texas Pacific Group and Goldman Sachs & Co., announced today the execution of a definitive merger agreement under which an investor group led by KKR and TPG will acquire TXU in a transaction valued at $45 billion...
Eesti Energia Sets Up Lithuanian Subsidiary
Eesti Energia AS has set up a subsidiary in Lithuania....
RAO UES, Krasnodar Kray Government to Sign an Agreement to Improve Reliability
On Feb. 17, RAO UES Management Board Chairman Anatoly Chubais and Krasnodar Region Governor Alexander Tkachev signed in Sochi an Agreement on Cooperation in implementing top priority projects to build and modernize electric power facilities in the area until 2011. ...
InfraSource Technology and Enspiria Solutions Form Strategic Alliance
In the midst of some massive investments taking place in the utility industry, InfraSource Technology (Raleigh, North Carolina, U.S.) and Enspiria Solutions...
Mid-Sized Is Just Right
In the utility industry today, many of us feel a bit like goldilocks, trying to decide what is just the right-sized business to meet our customers' current...
New Transmission Organization Launched
Six U.S. utilities have come together to launch the Northern Tier Transmission Group (NTTG), tasked with improving overall operation and expansion of...
ITC Holdings Buys Alliant Energy's Transmission Assets
ITC Holdings Corp.'s newly formed subsidiary, ITC Midwest, LLC, has signed a definitive agreement to acquire the transmission assets of Interstate Power...
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