Tokyo-based Electric Power Subsidiary partners with AP Solar in 400 MW Texas Solar Project

LCG, August 6, 2020—J-Power USA Development Co, a subsidiary of the Electric Power Development Co. headquartered in Tokyo, has joined a joint venture to develop a 400 MW Texas solar project.

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Texas Solar Project Sold to CIP

LCG, July 31, 2020—An affiliate of Copenhagen Infrastructure Partners has completed purchase of a 350 MW solar photovoltaic project near the Houston metro area from Solar Plus Development Inc. and Avondale Solar.

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Industry News

Conectiv Backs Out of Plumbing, Heating and Cooling

LCG, July 10, 2000--Conectiv Inc., the Delaware-based electric and gas company, said in an announcement this morning that it is getting out of the plumbing, heating and cooling business and plans to stick to the merchant energy and power delivery game.The company said it is also seeking a partner for its telecommunications business.In 1996, Conectiv acquired Delcard Associates Inc., a mechanical contractor located in Wilmington and Milford, Del., and in 1999 it bought Frey Lutz Corp. of Lancaster, Pa., also a plumbing, heating and cooling contractor. Those two firms have been sold back to their original owners.During its rush to build its Conectiv Services unit into a full-service heating and cooling business, the utility also acquired another 19 firms. The announcement did not say what would happen to them.Howard E. Cosgrove, Conectivs chief executive, said We believe that the original owners were logical buyers, given their involvement, experience and knowledge of the customers and the employees. The proceeds will be redeployed into our core businesses.Speaking for the plumbers, Rick Treml, president of Delcard, said ``We are glad we had the opportunity to purchase our businesses back. We are especially proud to be able to call ourselves by our former names that had established such good will throughout the industry prior to being acquired byConectiv.Financial details of the transactions were not disclosed.
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