FERC

Innergex and Hydro-Québec Announce the First Joint Acquisition Under Their Strategic Alliance and Concurrent Bought Deal Equity Financing and Private Placement by Innergex

Retrieved on: 
Tuesday, August 17, 2021
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LONGUEUIL, Québec, Aug. 17, 2021 (GLOBE NEWSWIRE) -- Innergex Renewable Energy Inc. (TSX: INE) (“Innergex” or the “Corporation”) and HQI US Holding LLC, a subsidiary of Hydro-Québec (“Hydro-Québec”) have entered into a Membership Interest Purchase Agreement with Atlantic Power to acquire Curtis Palmer, a 60 MW run-of-river hydroelectric portfolio located in Corinth, New York, consisting of the 12 MW Curtis Mills and 48 MW Palmer Falls facilities (“Curtis Palmer” or the “Facilities”) for upfront cash consideration of US$310.0 million ($387.5 million) and an earn-out provision subject to the evolution of NYISO market pricing. This joint acquisition is the first under the Strategic Alliance formed by Innergex and Hydro-Québec in 2020. Upon closing, Innergex will own indirectly a 50% interest in the Facilities with Hydro-Québec indirectly owning the remaining 50% interest. Innergex is also announcing a $175.0 million bought deal equity financing of common shares and $43.5 million concurrent private placement of common shares to Hydro-Québec.

Key Points: 
  • This joint acquisition is the first under the Strategic Alliance formed by Innergex and Hydro-Qubec in 2020.
  • Innergex is also announcing a $175.0 million bought deal equity financing of common shares and $43.5 million concurrent private placement of common shares to Hydro-Qubec.
  • We are thrilled to announce this first joint acquisition with Hydro-Qubec under the Strategic Alliance.
  • We are very pleased with this support for Innergex and look forward to further grow in our Strategic Alliance with Hydro-Qubec.

PSEG Agrees to Sell PSEG Fossil Generating Portfolio to ArcLight Capital

Retrieved on: 
Thursday, August 12, 2021
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The sale of PSEG Fossil, part of PSEG's Strategic Alternatives process announced in July 2020, comprises 13 generation units in New Jersey, Connecticut, Maryland and New York.

Key Points: 
  • The sale of PSEG Fossil, part of PSEG's Strategic Alternatives process announced in July 2020, comprises 13 generation units in New Jersey, Connecticut, Maryland and New York.
  • In connection with the transaction, beginning in the third quarter of 2021, the assets and liabilities of PSEG Fossil will be classified as assets held for sale.
  • Goldman Sachs & Co. is serving as financial adviser, and Wachtell, Lipton, Rosen & Katz is serving as legal counsel, to PSEG in connection with the PSEG Fossil transaction.
  • Headquartered in Newark, N.J., PSEG's principal operating subsidiaries are: Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island.

Quorum Software Accelerates Compliance with FERC-Approved NAESB 3.2 Standards to Protect U.S. Pipelines

Retrieved on: 
Wednesday, August 11, 2021
Oil, Gas, Energy, Technology, Software, Utilities, Department, Software, Primary energy, Federal Energy Regulatory Commission, Compliance, Growth, FERC, Medical device, Risk management

Quorum Software (Quorum), the global software leader dedicated to the energy industry, today announced the latest release of its myQuorum Pipeline Management software meets the North American Energy Standards Board (NAESB) 3.2 standards recently approved by the Federal Energy Regulatory Commission (FERC).

Key Points: 
  • Quorum Software (Quorum), the global software leader dedicated to the energy industry, today announced the latest release of its myQuorum Pipeline Management software meets the North American Energy Standards Board (NAESB) 3.2 standards recently approved by the Federal Energy Regulatory Commission (FERC).
  • Quorum accelerated compliance with the latest standards to help pipeline operators quickly adopt the latest best practices, including transparency and cybersecurity-related guidance.
  • Security is a critical priority for the energy industry, and recent cyberattacks have put pipeline operators at the forefront, said Tyson Greer, Chief Product Officer, Quorum Software.
  • Quorum is committed to developing software that meets high standards, helps our customers minimize disruptions, and supports their operations.

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund Declares its Quarterly Distribution of $0.20 Per Share

Retrieved on: 
Tuesday, August 10, 2021
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Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (the "Fund") (NYSE: MFD) has declared the Fund's regularly scheduled quarterly distribution of $0.20 per share.

Key Points: 
  • Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (the "Fund") (NYSE: MFD) has declared the Fund's regularly scheduled quarterly distribution of $0.20 per share.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.

Certrec's RegSource® GRC Platform Keeps Registered Entities Compliant and Knowledgeable

Retrieved on: 
Wednesday, August 11, 2021
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RegSource GRC is a daily, weekly, or monthly email notification of critical NERC industry updates and information.

Key Points: 
  • RegSource GRC is a daily, weekly, or monthly email notification of critical NERC industry updates and information.
  • The 60-day trial allows the industry to have a sneak peek into what's included with this online platform.
  • "Each day, our SMEs review vital industry news and write Smart Notice alerts for RegSource GRC with the high-level, actionable information on mandates and procedures.
  • RegSource GRC provides them the information they need each morning to start their day informed and ready to successfully complete their tasks.

Voltus Exceeds Its Commitment to Provide Needed Demand Relief to the MISO Grid During June Extreme Weather Event

Retrieved on: 
Friday, August 6, 2021
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LMR was called by MISO in response to unplanned generator outages and higher than expected electricity demand linked to a heatwave throughout the Midwestern US.

Key Points: 
  • LMR was called by MISO in response to unplanned generator outages and higher than expected electricity demand linked to a heatwave throughout the Midwestern US.
  • "Voltus exists to reinforce and support the reliability of our electric grid during these increasingly frequent extreme weather events," explains Gregg Dixon, Voltus CEO and Co-founder.
  • "Voltus mobilizes distributed energy resources (DERs) that would otherwise be sitting idle to contribute to the stability of the grid," continues Dixon.
  • "DER portfolios remain a proven, quick-to-market resource that grid operators can use to address the increasingly complex challenge of balancing electricity supply and demand."