Mergers and acquisitions in the utilities sector picked up in the first quarter as companies have begun to jettison merchant plants, according to PricewaterhouseCoopers US power and utilities deals leader Jeremy Fago. PwC reported that first-quarter deal value in the utilities sector rose by 33% over the same period a year ago. This was driven… Keep reading →
Electricity and gas provider National Grid is mulling construction of liquefaction facilities in New England to help meet supply requirements on peak demand days.
National Grid sources the bulk of its natural gas supplies for its New England-based customers from the two major pipelines serving the area – Tennessee and Algonquin. “Both of those pipelines are at or near capacity,” said Director of Gas Contracting and Compliance John Allocca at the Advanced Energy Conference in New York on Tuesday. Keep reading →
