California will buy transmission assets of power company

Article Abstract:

San Diego Gas and Electric Co. will sell its transmission operations to the state of California. The assets will be sold to the state for approximately $1 billion (1.16 billion euros).

Asset sales & divestitures, California, Energy industries, Energy industry, San Diego Gas & Electric Co., SDO

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National Grid agrees to acquire KeySpan in a $7.3 billion deal

Article Abstract:

National Grid Group PLC of the United Kingdom is to acquire KeySpan Corp. of the United States for $7.3 billion or $42 per share. The electricity utility created would be the third largest energy company in the United States. National Grid Group PLC will assume the United States companies' $4.2 billion in debt.

United Kingdom, United States, Company Profile, KeySpan Corp., KSE, National Grid Group PLC

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$100 billion power deal moves closer in Europe

Article Abstract:

French utility Electricite de France S.A. and Spanish construction company Actividades de Construccion y Servicios S.A. hold negotiations to present simultaneous bids on Spanish utilities Iberdrola S.A. and Union Fenosa with a combined approximate value of $134 billion. Article discusses possible shareholder and government opposition to the mergers, and the future of the European utilities market if negotiations are successful.

Forecasts, trends, outlooks, France, Negotiation, mediation and arbitration, Spain, Electricite de France, Iberdrola S.A., Company business forecast/projection, Company forecasts, Union Fenosa S.A., Actividades de Construccion y Servicios

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