Companies
Eversource Acquires Aquarion Water Company
Eversource has acquired the Aquarion Water Company, becoming the only U.S.-based electric utility to also own a water utility. With all required regulatory approvals now received, Aquarion will now operate as a wholly-owned subsidiary of Eversource, whose footprint includes nearly 4 million electric..
Kansas Regulators to Review Westar Merger with Great Plains
WICHITA, Kan. (AP) — Shareholders overwhelmingly approved a proposed merger of Kansas’ largest electric company with a Missouri firm Tuesday, a move that aims to create a new unified company with a combined equity value of about $14 billion in a revised deal that still requires regulatory approval. ..
Avista Shareholders Approve Merger with Hydro One
Avista Corporation today announced its shareholders have approved the proposed acquisition of the company by Hydro One Limited. “We are pleased that our shareholders have demonstrated their strong support of this transaction and the value and benefits it will provide for all of our stakeholders,” A..
Westar Energy, Great Plains Energy Shareholders OK Merger
Westar Energy, Inc. and Great Plains Energy Incorporated, the parent company of Kansas City Power & Light (KCP&L), today announced the companies’ shareholders have approved the proposals necessary for the merger between the two companies. “We are excited about today’s approval from shareholders of ..
Sale of Texas Water System Finalized
SJW Group has closed on the sale of its wholly-owned subsidiary, Texas Water Alliance Limited (TWA) to Guadalupe-Blanco River Authority (GBRA). On Feb. 22, 2016, SJW Group entered into a Purchase and Sale Agreement with GBRA, pursuant to which SJW Group agreed to sell TWA to GBRA for $31,000,000. “..
Indiana American Water Acquires Georgetown Water System
Indiana American Water President Deborah Dewey today announced the company’s acquisition of Georgetown Water, a municipal water utility located in southern Indiana. The purchase of the system adds approximately 1,300 customers to the company’s customer base, which represents a population of approxim..
Vermont Council Reopens Bidding Process for Telecom Utility
BURLINGTON, Vt. (AP) — Burlington officials have formed a committee to determine how to vote on a buyer for the city’s Burlington Telecom utility following a failed joint venture proposal. The Burlington Free Press reports a final vote has been scheduled for Nov. 27. The finalists, Ting and Keep Bu..
City OKs Sale of Water System to California American Water
The Bellflower City Council has approved the sale of the city’s municipal water system to California American Water. “We have a strong legacy and presence in the Los Angeles region where we’ve been providing water service for over 50 years,” said Rich Svindland, California American Water President...
Utility Set to Meet with Officials About Buying Gas Company
FAIRBANKS, Alaska (AP) — A utility company’s representatives are scheduled to meet with state officials to work on the terms for buying a natural gas business that will bring service to more customers in the Fairbanks area. Interior Gas Utility Board Chairman Mike Meeks and recently appointed board..
Oncor, Sharyland Complete Asset Exchange
InfraREIT, Inc. today announced the closing of the asset exchange transaction between the company’s subsidiary, Sharyland Distribution & Transmission Services, L.L.C. and Oncor Electric Delivery Company LLC, in which Sharyland Distribution & transmission Services exchanged its retail distributio..
SJW Group to Purchase Deer Creek Ranch Water System Assets
SJW Group’s wholly-owned subsidiary, SJWTX, Inc., has entered into an agreement to purchase Deer Creek Ranch Water Co., LLC’s water system assets. The system includes approximately 750 service connections over an area of 1,191 acres in Hays and Travis counties on the rapidly growing western fringe o..
Vermont Town Proposes Joint Venture Purchase of Telecom Utility
BURLINGTON, Vt. (AP) — Burlington officials have directed the two buyers vying for the city’s Burlington Telecom utility to figure out a joint venture proposal. The Burlington Free Press reports Councilor Ali Dieng proposed the joint venture Monday night after the two votes to decide a final buyer ..
SUEZ Acquires Forest Park Water Group
SUEZ North America has completed the acquisition of the Forest Park Water Group, which serves approximately 4,000 people through 13 water systems in Putnam County and one system in Westchester County, New York. The water systems, which consist of 30 wells, serve mostly residential homes, condominium..
Consolidation of Rural Water Systems Prompts Industry Dialogue
CoBank’s Knowledge Exchange Division has released, When Rural Water Systems Combine, a report that examines key issues and considerations surrounding consolidation of rural water systems. “The pace of consolidations at agricultural cooperatives in rural America has picked up in recent years,” said ..
Southern Company to Sell Utilities in $1.7 Billion Deal
Pivotal Utility Holdings, Inc., a subsidiary of Southern Company Gas, has entered into agreements to sell the assets of its utility operating divisions, Elizabethtown Gas and Elton Gas, to South Jersey Industries in an all-cash transaction with an enterprise value of approximately $1.7 billion. ..
California American Water to Purchase Hillview Water Company
California American Water has entered into a Purchase Agreement to acquire the operating assets of Hillview Water Company and assume the provision of water service within the Hillview Water Company service area between Oakhurst and Raymond, Calif. Hillview Water Company, which consists of approxima..
Agency Plans Northwestern Arizona Water Purchase, Transfer
TUCSON, Ariz. (AP) — The operator of the Central Arizona Project aqueduct system is planning to buy water rights in rural northwestern Arizona to transfer the water for use in the Phoenix and Tucson areas. The agency’s governing board approved the purchase agreement on Thursday to buy seven farms c..
CountryWide Broadband To Acquire Full Channel
CountryWide Broadband today announced that, along with Seaport Capital of New York, the company has agreed to acquire Full Channel, a leading provider of broadband video entertainment, high-speed internet access, and telephone services to residents and businesses in Rhode Island’s East Bay, includin..
SUEZ Acquires GE's Water Business
General Electric today announced it completed the closing of the sale of GE Water & Process Technologies to SUEZ for $3.4 billion on September 30, 2017. “The sale of GE Water & Process Technologies is the next step in GE Power’s business strategy and portfolio transformation,” said GE Power Preside..
Swiss ABB to Buy Unit from General Electric for $2.6 Billion
GENEVA (AP) — Swiss robotics and industrial machinery maker ABB is buying the electrification services unit of U.S. conglomerate General Electric in a deal valued at $2.6 billion, boosting its presence in its crucial North American market. The deal between ABB, which provides high-tech equipment fo..
Vermeer Acquires Remaining Interests in McLaughlin
Vermeer Corporation today announced it has acquired the remaining interests of McLaughlin Group, Inc. The company originally acquired a minority interest in McLaughlin in 2012. “Our initial investment in McLaughlin created the ideal opportunity to determine how the company culture and product port..
Hydro One and Avista File Applications for Regulatory Approval of Merger
Hydro One Limited and Avista Corporation have filed Applications requesting regulatory approval of the proposed merger of the two companies that was announced on July 19, 2017. The applications have been filed with state utility commissions in Washington, Idaho, Oregon, Montana, and Alaska, as w..
Illinois American Water Acquires Piasa Township Sanitary District
Illinois American Water President Bruce Hauk today announced the company’s acquisition of the Piasa Township Sanitary District. The purchase of the system adds approximately 120 customers to the company’s customer base in the Alton District. In a public referendum on April 4, 2017, residents of Pia..
Maricopa Scraps Idea of Buying Global Water Company
MARICOPA, Ariz. (AP) — The city of Maricopa has scrapped an idea to buy a private water company amid customer complaints about service interruptions and sudden spikes in water bills. The city hired Piper Jaffray, an investment bank and asset management firm, to conduct research on the possibility o..
NV5 Global Acquires Marron and Associates
NV5 Global, Inc. has acquired Marron and Associates, Inc., an environmental services firm with offices in Albuquerque and Las Cruces, New Mexico. The acquisition was made entirely in cash and will be immediately accretive to NV5’s earnings. In addition to providing environmental planning, natural a..
ESCO Technologies Acquires Vanguard Instruments
ESCO Technologies Inc. has acquired the assets of Vanguard Instruments Company, a premier test equipment provider serving the global electric utility market. The terms of the transaction were not disclosed. Vanguard, founded in 1991 and located in Ontario, California, designs, develops and manufact..
U.S. Bankruptcy Court Approves Sempra Energy-Oncor Merger Agreement
Sempra Energy today announced that the U.S. Bankruptcy Court for the District of Delaware has approved the merger agreement that Energy Future Holdings Corp. (Energy Future) entered into with Sempra Energy on Aug. 21, 2017. This approval is an important step in Sempra Energy’s proposal to acquir..
Algonquin Power & Utilities to Acquire St. Lawrence Gas Company
Algonquin Power & Utilities’ regulated distribution utility business, Liberty Utilities Co., has entered into a definitive agreement with Enbridge Gas Distribution Inc. , a subsidiary of Enbridge Inc., to acquire St. Lawrence Gas Company, Inc., a regulated natural gas distribution utility located in..
West Virginia American Water Acquires Queen Shoals PSD Water System
West Virginia American Water has completed its acquisition of the Queen Shoals Public Service District water system. The transaction was recently approved by the Public Service Commission of West Virginia and followed several years of discussions with the distressed public service district, which wa..
Early Termination of Hart-Scott-Rodino Act Waiting Period Awarded for Oncor, Sharyland Deal
InfraREIT, Inc. today announced the United States Department of Justice and the Federal Trade Commission have granted early termination of the Hart-Scott-Rodino Act waiting period for the proposed exchange transaction between InfraREIT’s regulated subsidiary, Sharyland Distribution & Transmissio..
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