Dealmaking & Transactions

Featured image for “ArcLight Capital seeks FERC approval for acquisition of Ohio gas plant”
June 21, 2025

ArcLight Capital seeks FERC approval for acquisition of Ohio gas plant

ArcLight aims for full ownership of the 464-MW Middletown Energy Center in Ohio.

Featured image for “ArcLight Capital seeks FERC approval for stake in North Carolina gas plant”
June 21, 2025

ArcLight Capital seeks FERC approval for stake in North Carolina gas plant

The deal would see ArcLight acquire a 25% stake in the 475-MW North Carolina natural gas plant.

Featured image for “Williams cleared to gain board seat at Q-Generation Holdings”
June 16, 2025

Williams cleared to gain board seat at Q-Generation Holdings

Q-Generation’s assets include power plants in ISO New England, ERCOT, and PJM.

Featured image for “Alabama Power cleared to acquire 900-MW gas-fired plant from Tenaska to plug looming capacity shortfall”
June 8, 2025

Alabama Power cleared to acquire 900-MW gas-fired plant from Tenaska to plug looming capacity shortfall

The plant is needed to help plug a projected resource adequacy shortfall expected to reach nearly 1.2 GW by 2029.

Featured image for “Project & PPA Roundup – NextEra, ENGIE”
June 6, 2025

Project & PPA Roundup – NextEra, ENGIE

SparkWire’s Power Project & PPA Roundup, compiling in-service dates and power purchase agreements for renewable and fossil generators, for the two weeks ended June 6.

Featured image for “El Paso Electric to double power sales agreement with Freeport McMoRan”
June 6, 2025

El Paso Electric to double power sales agreement with Freeport McMoRan

Amendment aims to establish a 200 MW ceiling on exchanges, doubling the current limit.

Featured image for “Swiss-based Partners Group to acquire Talen Energy’s PJM, ISO New England gas plants”
June 5, 2025

Swiss-based Partners Group to acquire Talen Energy’s PJM, ISO New England gas plants

The deal would mark Partners Group’s entry into the ISO New England wholesale power market.

Featured image for “Interstate Gas Supply wins FERC approval to acquire Just Energy, creating one of the largest North American retailers”
June 4, 2025

Interstate Gas Supply wins FERC approval to acquire Just Energy, creating one of the largest North American retailers

IGS expands retail footprint through merger with Just Energy’s U.S. subsidiaries.

Featured image for “Capital Power wins FERC approval to acquire 2GW of gas-fired capacity in PJM from LS Power”
June 4, 2025

Capital Power wins FERC approval to acquire 2GW of gas-fired capacity in PJM from LS Power

The deal marks the Canadian company’s entry into the PJM market.

Featured image for “Swiss-based investor Partners Group cleared to acquire 2.2 GW of power, storage assets in California”
June 1, 2025

Swiss-based investor Partners Group cleared to acquire 2.2 GW of power, storage assets in California

The transaction involves the transfer of ownership of various natural gas-fired power plants, battery storage systems, and power marketing entities.

Featured image for “FERC greenlights BC Investment’s acquisition of stake in Shepherds Flat wind farm”
May 27, 2025

FERC greenlights BC Investment’s acquisition of stake in Shepherds Flat wind farm

Canadian investor gains 25% ownership in 845 MW Oregon wind farm.

Featured image for “Hedge fund Jain Global cleared to acquire California-based energy marketer Anahau Energy”
May 22, 2025

Hedge fund Jain Global cleared to acquire California-based energy marketer Anahau Energy

The acquisition follows the launch of the Jain Global hedge fund last year, in which it raised $5.3 billion from investors.

Featured image for “PJM market monitor challenges Constellation-Calpine merger analysis”
May 21, 2025

PJM market monitor challenges Constellation-Calpine merger analysis

The market monitor challenges the merger’s market power analysis, citing insufficient assessment of transmission constraints and dynamic submarkets.

Featured image for “State coalition appeals BlackRock’s authorization to acquire utility securities”
May 20, 2025

State coalition appeals BlackRock’s authorization to acquire utility securities

Nineteen states and two organizations challenge FERC’s decision, claiming BlackRock’s participation in climate initiatives violate its passive investor status.

Featured image for “Apollo Global Management cleared to buy Irradiant Partners’ solar facilities, advancing expansion plans”
May 19, 2025

Apollo Global Management cleared to buy Irradiant Partners’ solar facilities, advancing expansion plans

The deal comes ahead of Apollo’s move to acquire another 2.3 GW of gas-fired and hydro assets.

Featured image for “J. Aron’s Aron Energy Prepay 36 seeks broader sales authority after inadvertent Northwest sales”
May 16, 2025

J. Aron’s Aron Energy Prepay 36 seeks broader sales authority after inadvertent Northwest sales

FERC authorization is requested for sales in the Northwest, CAISO, and BANC markets, rectifying inadvertent sales outside current tariff regions.

Featured image for “Bank of America unit cleared to acquire larger stake in GenOn”
May 6, 2025

Bank of America unit cleared to acquire larger stake in GenOn

BofA’s acquisition makes it a top GenOn owner, alongside distressed debt and private equity investor Strategic Value Partners and investment management firm MacKay Shields.

Featured image for “Goldman Sachs unit gains U.S. approval to acquire California retail electric provider from Shell”
May 6, 2025

Goldman Sachs unit gains U.S. approval to acquire California retail electric provider from Shell

The purchase advances the Texas-based retail electric service provider’s plans to expand into other markets.

Featured image for “Repsol set to buy remaining stake in Hecate Energy as part of U.S. expansion”
May 6, 2025

Repsol set to buy remaining stake in Hecate Energy as part of U.S. expansion

The deal strengthens Repsol’s position in California’s energy storage market and moves it closer to its goal of reaching over 2 GW of U.S. assets by 2025.

Featured image for “NextEra looks to expands retail energy reach with acquisition of power marketer”
May 6, 2025

NextEra looks to expands retail energy reach with acquisition of power marketer

The acquisition would expand NextEra’s retail presence in half a dozen states spanning across the Eastern U.S. including New York, Ohio, and Florida.

Featured image for “AEP moves to acquire 1 GW Ohio gas plant from Ares Management, I Squared Capital”
May 5, 2025

AEP moves to acquire 1 GW Ohio gas plant from Ares Management, I Squared Capital

The proposed deal comes right on the heels of a sale of a New Jersey gas plant by Ares Management.

Featured image for “Project & PPA Roundup – Blackstone, Clenera Holdings”
April 28, 2025

Project & PPA Roundup – Blackstone, Clenera Holdings

SparkWire’s Project & PPA Roundup, tracking project details, updates and PPA terms filed with FERC for the week-ended April 25.

Featured image for “Investment firm wins U.S. approval to buy stake in PJM gas plant from Ares Management”
April 24, 2025

Investment firm wins U.S. approval to buy stake in PJM gas plant from Ares Management

Strategic Value Partners will co-own the Pennsylvania generator alongside a group of Japanese energy companies, led by Tokyo Gas Co., Ltd. and Sojitz Corp.

Featured image for “Private equity firm Atlas Capital Resources wins FERC approval to buyout J-POWER’s 62% stake in Texas gas plant”
April 22, 2025

Private equity firm Atlas Capital Resources wins FERC approval to buyout J-POWER’s 62% stake in Texas gas plant

The 880-MW Frontier Generating Station is strategically connected to ERCOT and MISO.

Featured image for “FERC extends BlackRock’s blanket authorization to acquire utility securities for three years”
April 22, 2025

FERC extends BlackRock’s blanket authorization to acquire utility securities for three years

Despite protests citing potential conflicts of interest, FERC renewed BlackRock’s ability to acquire up to 20% of voting securities in U.S. traded utilities.

Featured image for “Project & PPA Roundup – Orsted, Terra-Gen”
April 18, 2025

Project & PPA Roundup – Orsted, Terra-Gen

SparkWire’s Project & PPA Roundup, tracking project details, updates and PPA terms filed with FERC for the week-ended April 18.

Featured image for “Pattern Energy Group secures U.S. approval to sell 24% stake held by Riverstone Holdings to international institutional investors”
April 17, 2025

Pattern Energy Group secures U.S. approval to sell 24% stake held by Riverstone Holdings to international institutional investors

Pattern Energy says it will leverage this new investment to advance its market-leading development pipeline of over 25 GW of renewable energy and transmission projects.

Featured image for “Project & PPA Roundup – NextEra, National Grid”
April 14, 2025

Project & PPA Roundup – NextEra, National Grid

SparkWire’s Project & PPA Roundup, tracking project details, updates and PPA terms filed with FERC for the week-ended April 11.

Featured image for “Constellation, Calpine defend $16.4B merger against anti-competition claims at FERC”
April 11, 2025

Constellation, Calpine defend $16.4B merger against anti-competition claims at FERC

Pennsylvania’s rate advocate warns the deal gives Constellation nearly 40% of the state’s retail power market, raising anti-competitive concerns.

Featured image for “NIPSCO secures U.S. approval to acquire 200-MW Indiana solar project from California, Dutch pension funds, Abu Dhabi investment fund”
April 11, 2025

NIPSCO secures U.S. approval to acquire 200-MW Indiana solar project from California, Dutch pension funds, Abu Dhabi investment fund

The acquisition shifts NIPSCO to sole owner, allowing direct access to Production Tax Credits under the Inflation Reduction Act.

Featured image for “Williams seeks U.S. approval for board seat on holding company following $3B gas plant portfolio acquisition”
April 10, 2025

Williams seeks U.S. approval for board seat on holding company following $3B gas plant portfolio acquisition

Williams’ indirect stake in Q-Generation has triggered the FERC review of the board seat.

Featured image for “AEP subsidiary wins FERC approval to acquire Oklahoma gas plant from J-POWER”
April 9, 2025

AEP subsidiary wins FERC approval to acquire Oklahoma gas plant from J-POWER

The deal expands Public Service Company of Oklahoma’s generation portfolio in SPP, and comes as the region faces thinning reserve margins.

Featured image for “FERC approves Hull Street’s acquisition and leaseback agreement with J-POWER for units of a gas-fired plant in PJM”
April 8, 2025

FERC approves Hull Street’s acquisition and leaseback agreement with J-POWER for units of a gas-fired plant in PJM

The deal involves the purchase and leaseback of six units of an Illinois power plant with about 900 MW of capacity.

Featured image for “Danish clean energy investor seeks stake in U.S. solar giant Silicon Ranch”
April 8, 2025

Danish clean energy investor seeks stake in U.S. solar giant Silicon Ranch

Danish fund AIP Management’s move to acquire part of Silicon Ranch follows a clean energy investment deal in Europe.

Featured image for “Billionaire-led Avenue Capital seeks to sell 2.2 GW of California power and storage assets to Swiss-based investor”
April 4, 2025

Billionaire-led Avenue Capital seeks to sell 2.2 GW of California power and storage assets to Swiss-based investor

The deal for gas-fired and storage assets would mark a significant expansion for Partners Group Holding’s CAISO portfolio.

Featured image for “New York-based investment advisor Starboard Value seeks FERC approval for change of control of Algonquin Power & Utilities Corp.”
April 4, 2025

New York-based investment advisor Starboard Value seeks FERC approval for change of control of Algonquin Power & Utilities Corp.

Starboard Value, which owns nearly 9% of Algonquin’s common shares, will have one of its senior executives appointed to Algonquin Power’s board.

Featured image for “Osaka Gas finalizes sale of N.J. gas plant stake to Israeli investor”
April 3, 2025

Osaka Gas finalizes sale of N.J. gas plant stake to Israeli investor

OPC Power Ventures LP’s acquisition of the equity interest in the 773-MW gas-fired generator comes on the heels of its other purchases of PJM power assets.

Featured image for “Blackstone acquires CAISO Path 15 transmission rights from Duke”
April 3, 2025

Blackstone acquires CAISO Path 15 transmission rights from Duke

The Path 15 Project upgrades an 84-mile, 500 kV transmission line connecting northern and southern California.

Featured image for “Project & PPA Roundup – NextEra, Iberdrola, Aypa Power”
March 28, 2025

Project & PPA Roundup – NextEra, Iberdrola, Aypa Power

SparkWire’s Project & PPA Roundup, tracking project details, updates and PPA terms filed with FERC for the week-ended March 28.

Featured image for “FERC approves Citigroup unit’s bid to enter wholesale energy market”
March 11, 2025

FERC approves Citigroup unit’s bid to enter wholesale energy market

Citi Prepaid gains approval to sell energy, capacity, and ancillary services, joining Citigroup Energy Inc. and Citigroup Commodities Canada ULC.

Featured image for “Goldman Sachs unit eyes acquisition of California retail electric provider owned by Shell as part of market expansion”
March 7, 2025

Goldman Sachs unit eyes acquisition of California retail electric provider owned by Shell as part of market expansion

A Texas retail energy provider, owned by Goldman Sachs, is making moves to expand into other markets with a new acquisition.

Featured image for “Repsol seeks full ownership of Hecate Energy as part of U.S. expansion”
March 5, 2025

Repsol seeks full ownership of Hecate Energy as part of U.S. expansion

Repsol North America is seeking FERC approval to acquire 100% ownership of Hecate Energy and its four California-based battery storage facilities.

Featured image for “PJM market monitor throw’s support behind Transco’s emergency request to operate pipeline”
December 11, 2024

PJM market monitor throw’s support behind Transco’s emergency request to operate pipeline

Project proponents say the pipeline is necessary to handle the expected surge in natural gas demand during the upcoming heating season.

Featured image for “Vitol subsidiary seeks U.S. approval to sell interest in 240-MW wind farm to Canadian-linked fund”
December 11, 2024

Vitol subsidiary seeks U.S. approval to sell interest in 240-MW wind farm to Canadian-linked fund

Vitol will maintain a stake in the wind farm after the sale.

Featured image for “Blackstone subsidiary cleared to acquire interests in NextEra renewable portfolio spanning West, Southeast”
December 11, 2024

Blackstone subsidiary cleared to acquire interests in NextEra renewable portfolio spanning West, Southeast

The acquisition is said to mark Blackstone subsidiary’s entry into new balancing authority regions.

Featured image for “Alabama Power to acquire Tenaska’s gas-fired plant to address grid reliability needs”
December 9, 2024

Alabama Power to acquire Tenaska’s gas-fired plant to address grid reliability needs

The acquisition concerns an 895-MW natural gas and oil-fired combined cycle electric generating plant.

Featured image for “Israeli investor seeks approval to buy out Toyota’s stakes in pair of PJM gas plants”
October 11, 2024

Israeli investor seeks approval to buy out Toyota’s stakes in pair of PJM gas plants

The Japanese auto giant looks to completely divest its equity interest in the two facilities.

Featured image for “Project”
May 29, 2024

Project

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