Transaction

Iberdrola SA’s acquisition of Portland, ME-based Energy East Corp. for an estimated $4.5 billion closed Wednesday, Iberdrola said, marking the largest industrial transaction ever carried out by a Spanish company in the United States.

Just one year after announcing its support of the ConfirmHub standard — the energy and environmental industry initiative to provide a central, standardized platform for transaction confirmation delivery — Nymex Holdings Inc., the parent company of the New York Mercantile Exchange Inc., has joined interdealer brokers GFI, ICAP Energy and Tullett Prebon as a 25% stakeholder in ConfirmHub LLC, it said Tuesday.

Just one year after announcing its support of the ConfirmHub standard — the energy and environmental industry initiative to provide a central, standardized platform for transaction confirmation delivery — Nymex Holdings Inc., the parent company of the New York Mercantile Exchange Inc., has joined interdealer brokers GFI, ICAP Energy and Tullett Prebon as a 25% stakeholder in ConfirmHub LLC, it said Tuesday.

Rumors were rampant Friday that Cheniere Energy Inc. may be close to announcing a transaction that could involve selling its Gulf Coast-based liquefied natural gas (LNG) receiving terminal at Sabine Pass in Cameron Parish, LA — or even the entire company.

Rumors were rampant Friday that Cheniere Energy Inc. may be close to announcing a transaction that could involve selling its Gulf Coast-based liquefied natural gas (LNG) receiving terminal at Sabine Pass in Cameron Parish, LA — or even the entire company.

German utility RWE Group last week agreed to acquire a 50% stake in Excelerate Energy LLC for approximately $500 million. The transaction remains subject to certain closing conditions including approval by U.S. anti-trust regulators.

German utility RWE Group has agreed to acquire a 50% stake in Excelerate Energy LLC for approximately $500 million, the companies announced Thursday. The transaction remains subject to certain closing conditions including approval by U.S. anti-trust regulators.

National Grid plc Friday announced that it completed its $11.8 billion, 100% debt-financed acquisition of KeySpan Corp. Closure of the transaction came two days after the merger received its last regulatory approval from the New York Public Service Commission (see Daily GPI, Aug. 23).

AIG Financial Products Corp.(AIG-FP) on Tuesday completed its 50% partnership purchase of Tenaska Energy’s closely held natural gas marketing companies. The transaction, for an undisclosed amount, was announced last month (see Daily GPI, March 16).