Natural gas pipeline
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Bernhard Capital Partners’ acquisition of Entergy's Louisiana gas systems has been approved by the Louisiana Public Service Commission.
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TC Energy Corporation and an Énergir subsidiary partner have completed the sale of the Portland Natural Gas Transmission System (PNGTS) to BlackRock and investment funds managed by Morgan Stanley Infrastructure Partners (MSIP).
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North American energy development, investment and operating company LS Power has established an independent power producer named Lightning Power.
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Bernhard Capital Partners (BCP) yesterday (5 August) agreed to acquire New Mexico Gas Company (NMGC) from Emera in a deal worth $1.25 billion.
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Blackstone Infrastructure Partners will buy a 30.2% stake in US-based power company Tallgrass Energy Partners from Spanish energy company Enagás for $1.1billion.
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Management firm Riverview Investment Holdings will buy 100% of the interest in subsidiary UGI Development Company from parent UGI Energy Services.
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Independent power project investor Tyr Energy has agreed to acquire Siemens Financial Services’ 20% in the natural gas-fired Hickory Run Energy power plant, PFR has learned.
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Pembina Gas Infrastructure, a joint subsidiary of KKR and Canada's Pembina Pipeline Corporation, will acquire a 50% interest in Whitecap’s 15-07 Kaybob Complex for $420 million.
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Oglethorpe Power will acquire a 465MW peaking power plant in Georgia from global investment firm The Carlyle Group’s affiliate Mackinaw Power Holdings.
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Kimmeridge subsidiary Kimmeridge Texas Gas has closed on its follow-on control investment in Commonwealth LNG and hired David Lawler as chief executive to lead the venture.
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Catalyst Power is to buy New-York based electricity and natural gas supplier Robison Energy from V3 Commodities Group.
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Private equity firm Cresta Fund Management has made a controlling investment in Ocean Pacific, a company that develops compressed natural gas (CNG) and alternative fuel stations.
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Oklahoma-based midstream natural gas company ONEOK will acquire 450 miles of natural gas liquids (NGL) pipeline from Houston, Texas midstream business Easton Energy.
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Midstream natural gas company Kinetik will sell its 16% equity interest in the Gulf Coast Express pipeline (GCX) to an ArcLight Capital Partners affiliate for $540 million in cash.
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Motor fuel giant Sunoco has closed on its $7.3 billion all-equity acquisition of independent pipeline operator NuStar.
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Colorado-based Humble Midstream II Partners has hired Brian Newmarch and John Shefchik as CFO and VP, engineering and construction, respectively.
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The technology venture arm of US-based oil & gas producer Chevron has launched a third fund with $500 million in capital.
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PPL Corporation's CEO told the room of power executives at S&P's Global Power Market Conference 2024 that more natural gas power is needed despite a focus on renewables.
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Enbridge subsidiaries Enbridge Energy Partners and Spectra Energy Partners have closed on their offering of $3.5 billion in senior notes, PFR has learned.
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Chesapeake Energy’s $7.4 billion merger with Southwestern Energy has been delayed following a request from the Federal Trade Commission (FTC).
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Entergy New Orleans is issuing $150 million in first mortgage bonds with the Bank of New York Mellon, PFR has learned.
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Independent natural gas and oil company HighPeak Energy will up its existing $75 million credit agreement to $100 million, PFR has learned.
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Enbridge has closed on the sale of its 50% stake in the Alliance Pipeline and its 42.7% stake in Aux Sable to Pembina Pipeline.
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EQT Corporation will acquire natural gas provider Equitrans Midstream Corporation in an all-stock transaction valued at $5.45 billion.
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Canadian pipeline and energy company Enbridge has closed on its acquisition of Dominion Energy’s East Ohio Gas Company (EOG) for $6.6 billion.
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TC Energy and partner Northern New England Investment Company are to sell the Portland Natural Gas Transmission System (PNGTS) to BlackRock and investment funds managed by Morgan Stanley Infrastructure Partners (MSIP).
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Investment bank Moelis & Company has hired Stephen Trauber, formerly Citi's global head of energy transition, as chairman and global head of its energy and energy transition team.
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Evergy will acquire a 22.2% interest stake in 655MW natural gas-fired facility Dogwood Energy, PFR has learned.
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A Tenaska affiliate has acquired 6 natural gas generation facilities from IMG Energy Solutions.
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BP Energy Partners-owned Cryopeak LNG Solutions has merged with the Energy & Minerals Group-owned Ferus Natural Gas Fuels, combining their LNG production and distribution technologies.
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Midstream power company NGL Energy Partners has closed on a $2.9 billion refinancing.
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Motor fuel giant Sunoco has agreed to acquire independent pipeline operator NuStar in an all-equity transaction valued at $7.3 billion.
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CorEnergy Infrastructure has closed on sale of its MoGas and Omega pipeline systems (MoGas System) to Spire subsidiary Spire Midstream.
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The Bureau of Land Management (BLM) will begin the first of 8 oil and gas lease sales this year with the auction of 19 Wyoming-sited parcels covering 13,858.91 acres on 5 March.
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LS Power has agreed to acquire an 810MW natural gas-fired power plant sited in Gettysburg, Pennsylvania from an affiliate of Platinum Equity.
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Despite renewables grabbing the headlines, emergency weather situations and the increased energy demand in cities with rapidly rising populations have been catalysts for a “gas renaissance” in the M&A power space.
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Spire has named Scott Doyle its executive vice president and chief operating officer, effective January 15, 2024.
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Williams has closed on its $1.95 billion acquisition of a portfolio of natural gas storage assets from an affiliate of Hartree Partners.
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Cadiz has received the final regulatory nod from the US Bureau of Land Management (BLM) to complete its acquisition of the 220-mile pipeline from El Paso Natural Gas (EPNG).
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Southern Company subsidiary Georgia Power Company (GPC) will sell multiple specified transmission lines to Georgia Transmission Corporation (GTC), PFR has learned.
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Chesapeake Utilities has completed its acquisition of Florida City Gas, which will henceforth act as a wholly-owned subsidiary of the company.
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Chesapeake Utilities is looking to raise $330 million through a common stock offering to help fund its Florida City Gas acquisition, expected to close in the fourth quarter of 2023.
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NextEra Energy Partners is selling its Texas natural gas pipeline, STX Midstream, to Kinder Morgan for $1.8 billion.
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Natural gas and wastewater company Essential Utilities has closed on the sale of its entire West Virginia natural gas utility portfolio to Hope Gas.
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Energy and infrastructure investment giant NextEra has agreed to sell Florida City Gas (FCG) to oil and gas company Chesapeake Utilities.
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Rockland Capital, a private energy investment company, has purchased a natural gas- and oil-fired energy facility in the NYISO market from GenOn Holdings, inc.
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Natural gas company PureWest Energy has merged with a newly formed entity sponsored by a private consortium of family offices and financial institutions (PW Consortium) in a $1.84 billion deal.
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LS Power is set to acquire a 2.1GW natural gas generation portfolio from Brazos Electric Power Cooperative in ERCOT.
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NextEra Energy Partners is looking to sell its STX Midstream and Meade natural gas pipeline assets as it focuses on its renewable energy portfolio.
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Canadian pipeline and energy company Enbridge has agreed to acquire the Aitken Creek natural gas storage facility from FortisBC Holdings Inc for $400 million.
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Despite advancements in battery storage posing a long-term risk to natural gas – as the long-term growth of renewable power erodes market share for the fossil fuel – the conventional power generation method still has a large part to play in energy transition.
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Electricity Generating (EGCO), the power generation arm of the Electricity Generating Authority of Thailand, has completed the acquisition of a 49% interest in Rhode Island State Energy Centre (RISEC) in Johnston, Rhode Island.
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Ullico has struck a deal to acquire regulated gas distribution company Hope Gas (also known as Dominion Energy West Virginia) for $690 million.
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Sempra Energy’s cash tender offer for a 3.6% slice of publicly-held shares in its Mexican subsidiary, Infraestructura Energética Nova (IEnova), expired on September 10.
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A buyer has emerged for a natural gas pipeline and storage developer based in the Northeastern US, following a competitive auction process.
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CenterPoint Energy has found a buyer for two of its natural gas utility businesses, following a sale process that was first announced in November.
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Petrobras has sold its remaining 10% stake in the Transportadora Associada de Gás (TAG) pipeline network to Engie and Caisse de dépôt et placement du Québe – the same consortium that already owns the other 90%.
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Global Infrastructure Partners' credit fund GIP Spectrum has emerged as one of the key investors in the recent project bond offering for the Whistler gas pipeline in Texas.
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A consortium including Stonepeak Infrastructure Partners has closed a dual-tranche private placement to fund construction of the Whistler gas pipeline in Texas.
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A group of renewable energy developers in Mexico have won a legal reprieve against grid operator Cenace' suspension of interconnections for wind and solar projects.
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A consortium including Stonepeak Infrastructure Partners has launched a private placement to finance construction of the Whistler natural gas pipeline in Texas.
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Developers in Mexico have been left waiting for the government to release its private investment plan for energy projects following a delay by the administration.
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NextEra Energy Partners closed almost $1 billion in two-tranche debt financing last month to fund its acquisition of a 39.2% stake in the 185-mile intrastate Central Penn gas pipeline.
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Wataynikaneyap Power and Fortis achieved financial close and notice to proceed on a C$1.9 billion ($1.4 billion) transmission project in northwestern Ontario on Oct. 29.
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Atlantica Yield has completed the acquisition of operational transmission assets in Peru from Abengoa, noting in an investor presentation that they are free of debt and present a "refinancing opportunity."
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The marine gas pipeline Sur de Texas-Tuxpan in Mexico started commercial operations today after TC Energy and IEnova signed a renegotiated contract with the national power utility Federal Electricity Commission on Sept. 13.
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Cheniere Energy Partners closed $1.5 billion in senior secured loans with 29 lenders on May 29 to finance construction of train 6 of its Sabine Pass Liquefaction project in Cameron Parish, La.
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Stonepeak Infrastructure Partners has agreed to provide $1.3 billion in equity for Venture Global’s Calcasieu Pass LNG export facility in Cameron Parish, La., as the sponsor works with lenders on project financing.
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Morgan Stanley has provided Venture Global with a bridge facility for its Calcasieu Pass LNG export terminal in Louisiana.
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Power Finance & Risk is now accepting pitches for Deal of the Year as part of its 16th Annual Deals and Firms of the Year Awards, recognizing excellence in power asset M&A and project finance across the Americas.
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Details have emerged about the approximately $1 billion portfolio of GE Energy Financial Services equity holdings which Apollo Global Management announced it would be acquiring last week (PFR, 10/8).
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Apollo Global Management has emerged as the buyer of a mostly U.S. portfolio of GE Energy Financial Services' equity holdings, following a competitive auction.
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Having completed its move from GE Energy Financial Services to a new home at Starwood Property Trust, Denise Persau’s project finance team is looking forward to having a broader mandate, potentially investing up and down the capital structure and in non-energy infrastructure.
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Kinder Morgan has appointed an investment bank as financial adviser on a sale process for its remaining Canadian business, which could yield as much as C$2.4 billion ($1.8 billion).
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Over 20 lenders have committed $3 billion to fund a three-year term loan for Dominion Energy’s Cove Point LNG terminal.
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GE Capital has found a buyer for its GE Energy Financial Services project finance debt business, including a team of employees. [Updated with acquisition finance details]
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Jefferies has hired a senior banker from a bulge-bracket firm as it rebuilds its power and utilities investment banking team in New York.
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The U.S. Department of Energy has asked lenders to submit applications for federal loan guarantees under an up-to-$2 billion program to support projects sponsored by Native American and Alaska Native communities.
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Fermaca has raised $805 million through a term loan and a bond to refinance a 2015 construction loan secured against its El Encino–La Laguna gas pipeline.
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PFR is pleased to announce the winners of its 15th Annual Deals and Firms of the Year Awards, with added emphasis this year on the leading investment banks in power across the Americas.
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The Canada Pension Plan Investment Board is acquiring a 49% stake in an Enbridge renewables portfolio that includes all of the company’s renewable assets in Canada and two U.S. projects. Meanwhile, a private equity firm has agreed to purchase Enbridge’s midstream business in the U.S.
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Canadian energy infrastructure sponsor TransCanada PipeLines priced a triple-tranche bond offering slightly tighter than initial price talk on May 3, despite a recent ratings downgrade.
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The owners of a U.S. gas pipeline have issued a $1.5 billion three-part senior unsecured bond to finance the project.
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The owners of a gas pipeline in the U.S. have hired four bookrunners to market a $1.5 billion senior unsecured bond offering to fixed income investors.
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A joint venture between Golar Power and Ebrasil has reached financial close on its 1,551 MW Porto de Sergipe I LNG-to-power project, securing $1.47 billion of non-recourse project debt.
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Two Latin American mid-stream gas companies and an independent power producer are preparing to tap the fixed income market in the coming weeks.
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Peru LNG, the owner of South America's only gas liquefaction plant, garnered sufficient investor demand to cover its $940 million debut bond offering more than two and a half times, pricing the deal at the tail end of last week.
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There are a few days remaining to cast your votes for the best project sponsors, banks, law firms, institutional and tax equity investors and deals in PFR's 15th Annual Deals and Firms of the Year Awards.
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The next wave of LNG projects in the U.S. will face more daunting financing challenges because of how the global natural gas market has evolved, say analysts at S&P Global Ratings.
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Power Finance & Risk is accepting pitches for Deal of 2017 as part of its 15th Annual Deals and Firms of the Year Awards, recognizing excellence in power asset M&A and project finance across the Americas.
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Morgan Stanley is arranging a term loan B backing The Blackstone Group's acquisition of a stake in Energy Transfer Partners’ 715-mile Rover international natural gas pipeline.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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NextEra Energy Partners has obtained its first credit ratings as the yield company prepares to raise debt in the capital markets.
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LS Power Equity Advisors has closed its acquisition of four merchant generation assets in the northeastern U.S. from TransCanada Corp. for $100 million less than initially anticipated.
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Private equity firm EIG Global Energy Partners is committing $500 million in equity to a natural gas pipeline Cheniere Energy is developing in Oklahoma.
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The impact of nuclear subsidies on gas-fired generation and the difficulty of approving natural gas pipelines in New York state were hot topics at Platts Northeast Power & Gas Markets Conference, which was held at the New York Marriott Downtown on May 22 and 23.
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The U.S. President has selected two prospective Republican commissioners to sit on the Federal Energy Regulatory Commission, the White House announced on Monday.
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The online poll for PFR’s Deals and Firms of the Year Awards has closed, after market participants voted for the banks, sponsors, investors and deals they thought were most impressive in 2016. The survey received roughly double the number of votes cast last year.
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Cheniere Energy is hunting for $1.35 billion of debt for its Sabine Pass LNG liquefaction project in Louisiana in the public bond market after closing an $800 million private placement for the same project on Friday.
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PFR is pleased to announce the finalists for its 14th Annual Deal of the Year awards. Here is the short list for Latin America M&A Deal of the Year.
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PFR is pleased to announce the finalists for its 14th Annual Deal of the Year awards. Here is the short list for Americas LNG Project Finance Deal of the Year.
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PFR is pleased to announce the finalists for its 14th Annual Deal of the Year awards. Here is the short list for Latin America Project Finance Deal of the Year.
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Following a competitive nomination process and careful deliberation, PFR can now reveal the finalists for its 14th Annual Deal of the Year Awards.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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The former head of BBVA’s North American project finance group has landed a position at a British Columbia-based LNG project developer.
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The U.S. Federal Energy Regulatory Commission has issued an order delegating additional authority to its staff to allow orders to be issued while it remains one commissioner short of quorum, but some approvals could still be delayed, say deal watchers.
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The Supreme Court of Chile has revoked the environmental permit for the Penco Lirquén offshore regasification terminal, one of two commercially-linked projects, collectively known as Octopus LNG, that obtained debt financing at the end of last year.
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The Peruvian government has announced that it has cancelled its contract with the consortium led by Brazilian construction firm Odebrecht for the under-construction Peruvian Southern Gas Pipeline.
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The most frequently asked questions regarding nominations for our Deal of the Year Awards.
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The deadline for nominations for Power Finance & Risk's Deal of the Year 2016 awards is coming up quickly. Make sure your deal of the year doesn't miss out on the short list by sending in a nomination by Jan. 31.
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