Sunday, July 31, 2016

FirstEnergy Posts $1.1B Loss, Eyes Exit from Merchant Generation

July 29, 2016
FirstEnergy

FirstEnergy posted a $1.1 billion second-quarter loss, and CEO Chuck Jones said the company will not make any large investments to prop up its merchant generation business credit rating.

NextEra Reaches Deal for Oncor

July 29, 2016
Oncor, Energy Future Holdings, EFH, PUCT, NextEra

NextEra Energy has agreed to buy cash-strapped Energy Future Holdings’ profitable Oncor assets in a deal that values the Texas transmission and delivery subsidiary at $18.4 billion.

Exelon’s Constellation to Buy Con Ed’s Retail Operation

July 28, 2016
ConEdison-Solutions-Large-and-Small-Business-Territories-(ConEdison-Solutions)---FI

Exelon is buying ConEd Solutions’ retail energy business as it continues its efforts to hedge against falling wholesale power prices.

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