Duke Energy North America completed the sale of wholesale generation assets outside the Midwest - about 6,300 MW of capacity - to LS Power Equity Partners for approximately $1.6 billion.
Mirant completed the sale of its 77 MW gas turbine plant in Wichita Falls, Texas to Signal Hill Power.
Southern Company agreed to buy the DeSoto County Energy Complex in Florida (two 160 MW combustion turbine units) and the 925 MW Rowan County Energy Complex in North Carolina (three simple cycle units and one combined cycle unit) from Progress Energy for $405 million.
Tenaska agreed to acquire InfrastruX Group, provider of construction services to utility industries, from Puget Energy for $275 million.
PPL Corp. will sell its 50 percent stake in the 600 MW combined cycle Griffith plant in Kingman, Arizona to LS Power for $115 million.
Power plant optimization software provider NeuCo has agreed to acquire Pegasus Technologies, which also supplies optimization software to the power generation sector. The merger is expected to double NeuCo’s North American customer base and facilitate expansion into Asian markets via Pegasus’ Chinese operations.
GE Energy Financial Services has agreed to acquire a 40 percent interest in the 400 MW gas-fired Tynagh power plant in Ireland from GAMA Construction Ireland Ltd. GAMA retains a 40 percent interest in the plant, which went into service in March.
Boston-based EnerNOC, Inc., provider of technology-enabled demand response, price response and demand-side management solutions, has acquired Celerity Energy Partners of Seattle, Washington, which provides demand response capacity to electric utilities, power marketers, and electric power users. EnerNOC now manages more than 1,000 MW of electrical capacity, including more than 300 MW of proven demand response resources.
Independent power producer Mirant, which emerged from bankruptcy protection earlier this year, has made an unsolicited offer to acquire NRG Energy. Mirant has a financing commitment from JPMorgan of approximately $11.5 billion for the transaction,. The offer represents a package of $3.9 billion in cash and 150 million shares of Mirant common stock. NRG says the proposal significantly undervalues NRG and expressed concerns about Mirant’s value, lack of liquidity and trading history. NRG added that it believes current trends and developments in the wholesale power generation sector do not indicate this is the appropriate time to engage in a sale process.