Generation
NRG Energy and LS Power Equity Advisors on May 12 announced that they have entered into a definitive agreement under which NRG will acquire a portfolio of natural gas generation facilities and a commercial and industrial virtual power plant platform from LS Power in a cash and common stock transaction valued at approximately $12 billion enterprise value.
Generation
Santee Cooper has received a robust response to its initial request for expressions of interest related to the two partially constructed generating units at V.C. Summer Nuclear Station, it said on May 6.
Electricity Markets
The Federal Energy Regulatory Commission has approved a PJM proposal that improves dispatch and accreditation of Demand Response resources in order to enhance grid reliability and resource adequacy.
Transmission
Dairyland Power Cooperative and GridLiance Heartland, LLC, a subsidiary of NextEra Energy Transmission, LLC, have reached an agreement to jointly develop and co-own the MariBell Transmission Project, a 139-mile, 765-kilovolt/161-kV double circuit transmission line in Minnesota and Wisconsin.
Workforce
Platte River Power Authority recently hired Tim Blodgett to serve as chief strategy officer.
Reliability
Memphis Light, Gas and Water achieved its 2024–2025 tree-trimming goal four months ahead of schedule. The goal for the fiscal year, which runs from September 1, 2024, to August 31, 2025, was to trim 1,400 miles of trees and vegetation.