Citing asset sales as an important component of its funding plan, Emera Inc. has agreed to sell its three natural gas generation plants in New England to an affiliate of The Carlyle Group for $590 million, the Nova Scotia-based company announced Monday.
Tag / Bridgeport
SubscribeBridgeport
Articles from Bridgeport
PSEG Agreement With Bridgeport, CT, Could Close State’s Only Coal-Fired Plant
The City Council of Bridgeport, CT, has scheduled a public hearing Feb. 1 to consider a Community Environmental Benefits agreement with PSEG Power Connecticut LLC that could shutter the state’s only coal-fired power plant by July 2021.
Emera Acquires Three Gas-Fired New England Plants in $541M Deal
In a move aimed at diversifying the company’s northeastern U.S. power generation portfolio, Halifax, Nova Scotia-based Emera Inc. reported Wednesday that it has entered into a $541 million agreement to purchase three combined-cycle gas-fired electricity generating facilities in New England from Capital Power Corp.
Transportation Notes
With a spring shut-in test of the Bridgeport Storage Pool in West Virginia continuing through Monday, Dominion said that thus far it has managed to conduct the test without backing off any production. “However, the warm weather predicted for the weekend might necessitate backing off some production,” the pipeline said Thursday. “This could affect production in Bubbles 4202, 4203 and 4205, as well as production in Tucker County, the Greer Field and production behind the station at Peoria.” Dominion field personnel will notify producers if any shut-ins are necessary.
PDC Hedging at Attractive Winter Prices
Petroleum Development Corp. of Bridgeport, WV, said it haslocked in November to March prices at an average of about$2.95/MMBtu based on NYMEX futures quotes that have reached “thehighest average price we’ve seen for any winter in the past 10years.”
PDC Hedging at Attractive Winter Prices
Petroleum Development Corp. of Bridgeport, WVA, said it haslocked in November to March prices at an average of about$2.95/MMBtu based on NYMEX futures quotes that have reached “thehighest average price we’ve seen for any winter in the past 10years.”