TransCanada Power L.P. on Wednesday confirmed that it has entered into an exclusive arrangement to acquire companies that indirectly own Hydro Investment Corp., which in turn indirectly owns two hydroelectric facilities in British Columbia. The purchase price is C$162 million (including the assumption of debt) and is subject to the usual closing adjustments.
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FERC Asserts Jurisdiction over Sound Energy LNG Project
FERC laid down the legal gauntlet for California regulators Wednesday by asserting “exclusive jurisdiction” over Sound Energy Solutions’ planned liquefied natural gas (LNG) terminal for the Port of Long Beach, CA.
March 25, 2004
Ameren, Dynegy in Talks on Illinois Power
Dynegy Inc. confirmed Friday that it is in exclusive discussions with St. Louis-based Ameren Corp. to sell Illinois Power Co. (IP) for an undisclosed amount. Dynegy’s sale of the unit to Exelon Corp. fell through late last month, and Ameren said in a statement that there was no assurance that the talks would lead to an agreement or that the agreement would be completed.
December 8, 2003
Dynegy Negotiating IP Sale to Exelon
Dynegy Inc. confirmed Friday it is engaged in exclusive discussions with Chicago-based Exelon Corp. to possibly sell Illinois Power Co. (IP). The utility is the Houston-based company’s regulated business segment, which sells natural gas and electricity to Illinois customers.
November 24, 2003
U.S. Senator Voices Confidence in Texas Efforts to Avoid Blackout
In an exclusive interview with NGI, U.S. Sen. John Cornyn (R-TX) on Friday voiced confidence that Texas is doing everything it can to prevent a blackout from occurring in the state. Cornyn made his comments after meeting with officials with the Electric Reliability Council of Texas (ERCOT) at the end of the week and touring ERCOT’s control room.
October 13, 2003
Dynegy Negotiating Ilinois Power Sale to Exelon
Dynegy Inc. confirmed Friday it is engaged in exclusive discussions with Chicago-based Exelon Corp. to possibly sell Illinois Power Co. (IP). The utility is the Houston-based company’s regulated business segment, which sells natural gas and electricity to Illinois customers.
September 29, 2003
Caledonia Energy Partners Teams With Nicor Unit on MS Storage Project
Caledonia Energy Partners has reached an exclusive agreement with Nicor Inc. subsidiary Nicor Enerchange LLC, which will provide marketing support for the development of a 10 Bcf storage facility to be located in Caledonia, MS.
September 18, 2003
Eagle Energy Scores Power Agreement with GA Co-ops
The new energy merchant kid on the block Eagle Energy Partners last week announced an exclusive agreement to provide power scheduling and asset management and optimization services for Cobb Electric Membership Corp. (EMC) of Marietta, GA, and seven other electric cooperatives in the state. The agreement is effective on Tuesday (July 15).
July 14, 2003
Southern Deals for New England Electricity
Through a new tolling deal Southern Company Energy Marketingwill have the exclusive right to supply fuel to and receive powerfrom United American Energy Corp.’s 82 MW gas-fired power plant inLowell, MA.
February 14, 2000
Southern Deals for New England Electricity
Through a new tolling deal Southern Company Energy Marketingwill have the exclusive right to supply fuel to and receive powerfrom United American Energy Corp.’s 82 MW gas-fired power plant inLowell, MA. Southern will market and trade electricity from theplant in the New England Power Pool. Terms of the deal were notreleased.
February 1, 2000
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