Iberdrola

One of Mexico’s main private sector electric power companies is significantly reducing its footprint in the country. Meanwhile, Mexico state utility Comisión Federal de Electricidad (CFE) has snatched another chunk of the nation’s natural gas-heavy generation pie. On Tuesday, Mexico’s government said CFE was purchasing 12 natural gas combined-cycle plants and one 100 GW wind…

Mexico President Andrés Manuel López Obrador denied Thursday that Spain’s Iberdrola SA is pulling out of its planned $1.2 billion natural gas-fired combined-cycle plant in the port city of Tuxpan. “There is no official information. It’s a journalistic story,” López Obrador said during his daily press conference.  On Wednesday, Tuxpan Mayor Juan Antonio Aguilar, told…

Spain’s Iberdrola SA plans to acquire UIL Holdings Corp. in a cash and stock deal valued at about $3 billion, creating one of the larger utility companies in the United States and supplying natural gas customers in Connecticut and Massachusetts.

Houston-based Enstor Inc., a unit of Spain’s Iberdrola SA, will begin accepting binding bids for firm storage capacity at its Caledonia Gas Storage Field in northeast Mississippi, the company said Wednesday. Bidding will begin Aug. 6 and close at 5 p.m. CDT on Aug. 20.

Iberdrola Renewables’ U.S. energy business, PPM Energy, announced that its subsidiary, Enstor Inc., completed the acquisition of ownership interests in the Freebird Gas Storage facility in Lamar County, AL from Houston-based Multifuels LP and Denham Capital. The transaction is valued at $164 million subject to adjustments. RBC Capital Markets advised on the sale. The natural gas storage facility has an existing working capacity of 7.6 Bcf with the potential to be expanded up to 11.4 Bcf. The Freebird facility is located on the Tennessee 500 line. The Northwest Alabama Gas District is a co-owner of the facility.

Iberdrola Renewables’ U.S. energy business, PPM Energy, said subsidiary Enstor Inc. completed the acquisition of ownership interests in the Freebird Gas Storage facility in Lamar County, AL, from Houston-based Multifuels LP and Denham Capital. The transaction is valued at $164 million subject to adjustments. RBC Capital Markets advised on the sale. The facility has a working capacity of 7.6 Bcf with the potential to be expanded to 11.4 Bcf. The Freebird facility is on the Tennessee 500 line. The Northwest Alabama Gas District is a co-owner of the facility.