The Indiana Municipal Power Agency received approximately $15.7 million of tax credit benefits plus interest through the Inflation Reduction Act for its work to develop renewable energy resources for its 61 municipal members.

Indiana-based Hallador Energy on Jan. 7 announced that its wholly owned subsidiary, Hallador Power Co. executed a Conversion Transaction Commitment Agreement with a global data center developer, effective January 2, 2025.

The Vermont Public Power Supply Authority that Burlington Electric Department has joined VPPSA as a Strategic Member.

The U.S. Department of Energy’s Loan Programs Office announced a conditional commitment for a loan guarantee of up to $1.76 billion (including up to $279 million in capitalized interest) to GEM A-CAES, LLC for the Willow Rock Energy Storage Center, an advanced compressed air energy storage system (A-CAES) in Eastern Kern County, California.

Investment funds managed by KKR, a global investment firm, and the Public Sector Pension Investment Board, one of Canada’s largest pension investors, announced an agreement to acquire a 19.9% interest in American Electric Power’s Ohio and Indiana & Michigan transmission companies for $2.82 billion.

Constellation and Calpine Corp. on Jan. 10 announced they have entered into a definitive agreement under which Constellation will acquire Calpine in a cash and stock transaction valued at an equity purchase price of approximately $16.4 billion, composed of 50 million shares of Constellation stock and $4.5 billion in cash plus the assumption of approximately $12.7 billion of Calpine net debt.