Thu, Feb. 25, 7:59 AM
- Dynegy (NYSE:DYN) says it is partnering with P-E firm Energy Capital Partners to acquire French utility Engie's (OTCPK:ENGIY) U.S. power plants for $3.3B.
- The purchase will be made through a newly formed Atlas Power joint venture with Energy Capital.
- DYN, which will own 65% of the joint venture, says the acquisition would add 8,731 MW to its generation capacity, taking the total to 35K MW across PJM, ISO New England, ERCOT and other regulated power markets.
- Energy Capital will buy $150M of DYN stock at $10.94/share, which will raise its holding in the company to ~15%.
- Separately, Engie (formerly GDF Suez) reported a FY 2015 net loss of €4.6B from a €2.4B net profit in 2014.
- Earlier: Dynegy reports Q4 results (Feb. 24)
Nov. 6, 2013, 10:44 AM
Apr. 4, 2012, 6:34 AM
Mar. 29, 2012, 9:32 AM
French utility GDF Suez (GDFZY.PK) is prepared to pay £6B ($9.5B) for the 30% of U.K. electricity company International Power (IPWG.PK) it doesn't already own. GDF bought a 70% stake in the British company in February last year and has to wait till August before it can buy the rest of the shares.| Mar. 29, 2012, 9:32 AM