Professional M&A intelligence for the energy transition
NextEra Energy (NYSE: NEE) and Dominion Energy (NYSE: D) entered into an agreement to combine in an all-stock transaction. The combination will create the world's largest regulated electric utility business. The combined company will be more than 80% regulated, serve approximately 10 million utility customer accounts across Florida, Virginia, North Carolina and South Carolina and […]
Iberdrola completed its acquisition of the remaining 18.4% public stake in U.S. subsidiary Avangrid for $2.6 billion in December 2024, taking Avangrid private. The deal strengthened Iberdrola's commitment to the U.S. regulated utility business serving 3.3 million customers in New York and New England.
Public Service Enterprise Group completed the sale of its 25% equity interest in the 1,100-megawatt Ocean Wind 1 project to Ørsted North America (Ørsted N.A.).
ALLETE completed its acquisition by a partnership led by CPP Investments and Global Infrastructure Partners, which purchased all outstanding shares of the company for $67 per share in cash, valuing the transaction at about $6.2 billion including debt. Under the terms of the merger agreement, CPP Investments and GIP acquired all the outstanding common shares […]
Plenitude, the renewables and retail energy unit of Eni, agreed to acquire 100% of Acea Energia from ACEA in a transaction valued at up to €587 million, including a 50% stake in Umbria Energy. The deal is expected to close by June 2026, subject to regulatory approvals, and will add more than 1.4 million retail […]
Black Hills and NorthWestern Energy agreed to combine in an all-stock, tax-free merger that will create a regional regulated electric and natural gas utility with a pro forma market capitalization of about $7.8 billion and enterprise value of roughly $15.4 billion. Under the terms of the deal, NorthWestern shareholders will receive 0.98 Black Hills shares […]