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Constellation Energy Partners Seeks Alternatives

Following MidAmerican Energy’s acquisition of its sponsor, CEG has tapped an adviser to help determine a new direction

El Paso Pipeline Partners Makes Gas Buys

Colorado, southern investments will be partially financed through debt.

Lazard Hires Citi Metals/Mining Banker

Youakim's deal roster includes Mittal Steel's purchase of Arcelor.

National Wind Buys Delphi Financial

Wind developer’s bank buy will be used for investments in communities surrounding projects.

Warburg, Blackstone Invest In Oil Sands

PE firms announce joint investment in energy company focused on Canada's Cold Lake region.

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Articles

Invesco WL Ross Forms Chinese JV

Wilbur Ross' and investment manager Invesco's investment partnership, Invesco WL Ross, has teamed up with China's Huaneng Capital Services for a new joint venture.

Buyers Targeting the Utilities

Washington-stage utility Puget Energy Inc. has a $3.1 billion debt load that nearly equals its total market capitalization, which, as of press time, stood at $3.4 billion. That's not the kind of capital structure that tends to attract financial buyers. Moreover, the red tape involved with deals in the utilities sector would normally turn off to potential suitors, as certainty can be difficult find in the space. With that said, Puget Energy took one step closer to its sale to Macquarie Infrastructure Partners earlier this month, when it received shareholder approval for the deal. While a potential transaction will still undergo months of scrutiny by regulators, the efforts of Macquarie, underscore the hurdles buyers are willing to cross to snap up properties in the sector.

Germany Accommodates EU-Based Buyers

The proposed legislation requiring more disclosures from foreign suitors of German companies faces changes that would make the deal approval process easier for foreign bidders based in EU member states.

EIF Buys 14 Plants

Energy Investors Funds has agreed to buy 14 Cogentrix Energy plants from The Goldman Sachs Group, Inc. The transaction is expected to close by the end of the calendar year and is subject to customary closing conditions, including receipt of regulatory approvals. The purchase encompasses 80 percent of Cogentrix's interest in 14 power projects totaling 2,336 net megawatts. Cogentrix will retain a 20% minority interest in the positions being sold. Cogentrix was acquired by Goldman Sachs in December 2003.

Time Is Ripe For Cypress To Sell SunPower?

The market is skeptical about a takeout of $5 billion market cap SunPower Corp., despite the lingering possibility Cypress Semiconductor Corp. will unload its majority ownership.

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