A big deal in the Big Apple

TransCanada has been diversifying in recent years into the US' electric power generating sector. In late March, the company launched a US$2.8 billion bid for the 2,480 MW Ravenswood Generating Facility in New York City, effectively tripling its generating capacity in the US Northeast. TransCana...

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Veröffentlicht in:Power Engineering 2008-05, Vol.112 (5), p.6
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description TransCanada has been diversifying in recent years into the US' electric power generating sector. In late March, the company launched a US$2.8 billion bid for the 2,480 MW Ravenswood Generating Facility in New York City, effectively tripling its generating capacity in the US Northeast. TransCanada also partnered with Royal Dutch Shell Plc to propose building the Broadwater terminal in Long Island Sound near New York City. Meanwhile, three other recent asset sales, unrelated to TransCanada, are also worth noting, including the US Geothermal Inc's contract with Michael B Stewart and Empire Geothermal Power LLC to acquire a 3.6 MW geothermal plant and roughly 30,000 acres of geothermal energy leases and ground water rights in Nevada.
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source EBSCOhost Business Source Complete; EZB-FREE-00999 freely available EZB journals
subjects Alternative energy sources
Bankruptcy
Bids
Biomass energy
Corporate reorganization
Electric utilities
Electricity distribution
Electricity generation
Equity stake
Industry forecasts
Leases
Mergers, acquisitions and divestments
Natural gas utilities
Pipelines
Power plants
Tender offers
title A big deal in the Big Apple
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