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A $1.5 billion deal between Southern Company and Kinder Morgan this week is one more sign of the growing importance of natural gas to electric power generation in the U.S. Atlanta-based Southern Company, the second-largest utility company in the U.S. in terms of customer base, agreed to pay cash to Kinder Morgan for a 50% equity interest in the Southern Natural Gas (SNG) pipeline system. (Read More)
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The growth in natural-gas and renewable-energy trade in the U.S. is driving mergers and acquisitions to high levels in North America. That includes increasing interest from investors in Canada and other countries in assets in the U.S., where a relatively stable regulatory environment and low interest rates make American pipeline, transmission and distribution companies attractive targets. A new report from the accounting firm PricewaterhouseCoopers puts the total value of North American power and utilities deals at $41.4 billion in the first quarter of 2016, compared to $11.5 billion in the previous quarter. (Read more)
Continue readingThe U.S. is producing record amounts of natural gas, a fuel widely viewed as cleaner and preferable to coal for electric power generation. But building the infrastructure necessary to bring that fuel to market is increasingly difficult for the industry. (Read More)
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