Auto Added by WPeMatico
(Reuters) – Allete said on Monday a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners would acquire the U.S. utility for $6.2 billion, including debt. The partnership would pay $67 per share in cash for all outstanding common shares of Allete, a premium of nearly 19.1% to the company’s closing share price …
U.S. Utility Allete Goes Private in $6.2 Bln Deal Read More »
California regulators poised to reject PG&E’s proposed sale PG&E says transaction would help improve credit profile PG&E Corp. is in talks to sell a minority stake in its power generation business to investment firm KKR & Co., a transaction regulators have signaled they don’t intend to support. The California utility announced it would sell the stake in its hydroelectric, natural gas, …
PG&E in Talks with KKR to Sell Minority Stake in Power Unit Read More »
(Reuters) – U.S. electric utilities predict a tidal wave of new demand from data centers powering technology like generative AI, with some power companies projecting electricity sales growth several times higher than estimates just months earlier. Nine of the top 10 U.S. electric utilities said data centers were a main source of customer growth, leading …
U.S. Electric Utilities Brace for Surge in Power Demand from Data Centers Read More »
(Reuters) – Utility firm Duke Energy missed fourth-quarter profit estimates on Thursday on higher interest expenses and raised its five-year capex by $8 billion to support its transition to renewable energy. The U.S. Federal Reserve’s interest-rate hikes to tame inflation have made borrowing more expensive for businesses, impacting utility firms like Duke. The company’s quarterly interest …
Duke Energy Misses Q4 Profit Estimates on Higher Interest Costs, Raises Capex Read More »
