Biggest Utility in New Jersey Seen as Target of Acquisition
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The Exelon Corporation, the owner of utilities in northern Illinois and eastern Pennsylvania, is in advanced talks to acquire New Jersey&#39;s largest utility, PSE&amp;G.
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BJ Services is being hit by its heavy dependence on the sliding U.S. energy markets.
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Exelon Corporation reached an agreement to aquire P.S.E.&G., the New Jersey utility, for about $12 billion in stock.
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Two of the nation&#39;s  biggest power companies are teaming up with a solar start-up to  create one of the world&#39;s largest solar power projects, which  they say could make electricity at a competitive price.
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Electric Power Development Co., a former state-run utility, said Friday it is planning an initial public offering on the Tokyo Stock Exchange in October, a deal that could be the country's biggest new stock listing in six years.
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Exelon Corp. EXC.N, the nation's  largest nuclear power company, has agreed to buy New Jersey  utility Public Service Enterprise Group Inc. PEG.N for $13.2  billion in stock, creating the nation's largest utility, the  companies said on Monday.
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Exelon Corp. is acquiring Public Service Enterprise Group Inc. in a &#36;12 billion stock deal that would create the nation's largest power generation company with customers in Illinois, New Jersey and Pennsylvania.
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British utility firm AWG said it had agreed a consortium takeover worth 2.213 billion pounds (3.272 billion euros, 4.145 billion dollars) -- but has also received approaches from other bidders.
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THE REGION U.S. Power Generating Co., the power producer with buyout firm Madison Dearborn Partners LLC as its largest shareholder, may spend more than $3 billion in a decade to expand output of its plants in New York and Boston. Timing and pace of the expansions depend on market incentives provided by officials in New York and New England, chief ...
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SEATTLE, Oct. 26  Â Puget Energy, parent company of Puget Sound Energy, Washington Stateâs largest private utility, said Friday that it had agreed to be acquired and taken private by a consortium of investors for $30 a share in cash, a transaction that the company valued at $7.4 billion, including debt.
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Iberdrola agreed to buy ScottishPower for $22.5 billion in a move that would create one of EuropeÂs largest utilities.
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Southern New England's two biggest utilities are developing plans to spend potentially $1 billion constructing 80 to 100 miles of high-voltage electric transmission lines to make the regional power grid more reliable and keep up with steadily growing energy demand.
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TXU, the largest energy provider in Texas, agreed last night to a $45 billion buyout that would not only be the largest private-equity deal in history but would also feature an unusual twist: The buyers have promised environmental groups they would cancel a slew of coal-fired power plants on the firm's drawing boards....
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Texas power company TXU Corp.   has agreed to be acquired by private equity firms Kohlberg  Kravis Roberts & Co.  and Texas Pacific Group   for about $32 billion in the largest leverage buyout in  history, Bloomberg News reported on Monday.
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The company wants to swallow its largest customer acquisition yet.
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Sifting through the best utilities in the market.
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The proposed merger of Public Service Enterprise Group and Exelon will result in the elimination of 900 jobs in New Jersey, most of them at the PSEG unit that operates three nuclear power plants in Salem County.