EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

JEA Board Approves Transaction with FPL to Close 848-MW Coal Unit in Georgia

LCG, June 30, 2020--The JEA Board of Directors in a special meeting last Friday unanimously approved a transaction that will result in closing an 848-MW unit at Plant Scherer and entering into a 20-year purchase power agreement (PPA) with Florida Power & Light Company (FPL).

Read more

Analysis of Resource Adequacy in ERCOT - July - December 2020

LCG, June 30, 2020 - LCG Consulting just released its analysis of ERCOT for the second half of 2020, July through December.

Read more

Industry News

Williams Said to Be Close to Acquiring Gas Producer

LCG, May 7, 2001Big natural gas pipeline company The Williams Cos. is close to acquiring, Barrett Resources Corp., a large natural gas producer, for more than $2.3 billion in cash and stock, the New York Times reported this morning.

Williams appears to have trumped a hostile takeover bid of Barrett by the Royal Dutch/Shell group. An uninvited $2 billion bid in March by The Shell Oil Co., the U.S. unit of Royal Dutch/Shell, prompted Barrett to put itself up for sale, inviting bids from all comers.

The acquisition would turn Williams into a dominant vertically-integrated natural gas producer, distributor and transportation company by adding Barrett's 2.1 trillion feet of gas reserves to an already robust pipeline and trading operation.

According to persons close to the deal, Williams would pay Barrett shareholders a little more than $70 per share in cash and stock, with the distribution evenly split between cash and stock.

Neither company has commented on the transaction. A Shell spokesman wouldn't comment on the deal but said "We are disappointed that Barrett's management refused repeated attempts to meet with us even after our public commitment to negotiate all terms of a friendly transaction including price."

Copyright © 2020 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
PowerMax
Day-ahead and real-time portfolio revenue optimization
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
MarketVision
Daily LMP Forecast for ERCOT
MarketWatch
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service