AI data centers are going to need a lot of power. These utility stocks could benefit, Evercore ISI says
CNBC: Investing
APRIL 4, 2024
These utility stocks could be key players as data center power demand grows.
Utilities Related Topics 
Key Considerations in Utilizing a Letter of Intent in Health Care Transactions
JD Supra: Mergers
JULY 18, 2024
A letter of intent (LOI), expression of interest (EOI) or term sheet is typically the first substantive document in the life of a transaction (noting that, oftentimes, parties will sign a nondisclosure agreement prior to entering into an LOI or EOI; however, confidentiality terms can also be included in the LOI or EOI itself).
Utilities 
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The utilities sector is up 10% in 2024. These four names still have room to run, Morningstar says
CNBC: Investing
JUNE 7, 2024
Enthusiasm around powering the artificial intelligence revolution is breathing new life into utilities this year. Morningstar likes these four stocks.
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GE HealthCare Announces Deals in AI
JD Supra: Mergers
AUGUST 5, 2024
According to the GE HealthCare press release, the company intends to utilize Amazon Bedrock to amplify the advantages of generative AI for their customers and build its own proprietary generative AI applications for healthcare use cases. By: Knobbe Martens
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Tech companies want nuclear power. Some utilities are throwing up roadblocks
CNBC: Investing
AUGUST 10, 2024
Investors are looking at nuclear plants as an increasingly valuable resource as data centers' power needs grow.
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These utilities can withstand the pain as higher interest rates weigh on the sector, says Bank of America
CNBC: Investing
OCTOBER 24, 2023
Rapidly rising interest rates have dented the utilities sector, but a handful of names still shine, the firm says.
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Goldman adds a utility stock to its list of elite picks for clients
CNBC: Investing
JULY 3, 2023
As the third quarter and second half kick off, Goldman Sachs is adding a new utility stock to its high-conviction stock list.
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Keeping the Lights On: Brazilian Power Utility Wins Cybersecurity Award for Securing Grid Network with Cisco
Cisco: M&A
DECEMBER 20, 2023
Cyberattacks on electric power utilities are on the rise. From 2020 to 2022, weekly attacks more than doubled. An attack that exploits a vulnerability in intelligent electronic devices (IEDs) like… Read more on Cisco Blogs
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Utility stocks offer AI exposure and a hedge against a slowing economy at a good price, Goldman says
CNBC: Investing
JUNE 1, 2024
Utilities have gained about 18% in the past three months, but the stocks remain relatively affordable.
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Golden Gate to acquire electric utility manufacturer DMC Power
PE Hub
JUNE 30, 2023
The post Golden Gate to acquire electric utility manufacturer DMC Power appeared first on PE Hub. As part of the transaction, Bridgepoint will exit its investment through the sale of its stake to Golden Gate Capital.
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AI Considerations in Government Contract Related M&A Transactions
JD Supra: Mergers
AUGUST 7, 2024
federal government both increased its spending in the area and the speed with which it adopted guidelines on the utilization of AI more generally. As general interest and investment in AI has accelerated since the initial public launch of ChatGPT, so too has the U.S. This tracks other actions outside the U.S.,
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Hastings Equity expects to make add-on deals for utility consulting group Celerity
PE Hub
OCTOBER 17, 2023
The post Hastings Equity expects to make add-on deals for utility consulting group Celerity appeared first on PE Hub. Hastings acquired Celerity Consulting Group in 2021 and added on Clear Path earlier in 2023.
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Repowering the grid: 5 PE deals in the utility EPC sector
PE Hub
DECEMBER 13, 2023
Calera, Greenbelt, Align, Oaktree and CAI are among the private equity firms buying engineering, procurement and construction contractors for utilities. The post Repowering the grid: 5 PE deals in the utility EPC sector appeared first on PE Hub.
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ORIX Capital-backed Peak Utility Services taps Lennon as CEO
PE Hub
JANUARY 10, 2024
The post ORIX Capital-backed Peak Utility Services taps Lennon as CEO appeared first on PE Hub. Outgoing CEO Christopher Larocca will remain on Peak's board of directors, and will remain CEO of Network Connex, which is also backed by ORIX.
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Fengate buys heat and power facility Morris Cogeneration from Atlantic Power and Utilities
PE Hub
DECEMBER 19, 2023
The post Fengate buys heat and power facility Morris Cogeneration from Atlantic Power and Utilities appeared first on PE Hub. The firm acquired ownership of the facility under its strategic operating partnership with Ironclad Energy.
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Align Capital Partners eyes tuck-ins for utility consulting group E Source
PE Hub
JANUARY 3, 2024
E Source is looking to add subject matter expertise to help utilities with some of their largest grid-related problems,' said Matt Iodice. The post Align Capital Partners eyes tuck-ins for utility consulting group E Source appeared first on PE Hub.
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Bernhard Capital-backed Delta Utilities to acquire CenterPoint’s natural gas operations in Louisiana and Mississippi
PE Hub
FEBRUARY 20, 2024
The post Bernhard Capital-backed Delta Utilities to acquire CenterPoint’s natural gas operations in Louisiana and Mississippi appeared first on PE Hub. The sale is expected to close toward the end of the first quarter of 2025.
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Calera Capital-backed TIS picks up underground utility firm Dynetek
PE Hub
DECEMBER 7, 2023
The post Calera Capital-backed TIS picks up underground utility firm Dynetek appeared first on PE Hub. Headquartered in Warren, Michigan, TIS is an infrastructure services provider in the power, fiber, and wireless communications construction industries.
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Can A Charter Amendment Fix Con Ed?
JD Supra: Mergers
JANUARY 9, 2024
Utilities, 426 F.3d 2005), the stockholders of Northeast Utilities sued Consolidated Edison for the $1.2 The Court of Appeals concluded that the Northeast Utilities’ stockholders lacked third-party beneficiary status to enforce the merger. Edison, Inc. 3d 524 (2d Cir.
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Megadeals highlight resilience of construction and EMU industries
JD Supra: Mergers
DECEMBER 21, 2023
Consolidation and alternative energy drive big-ticket energy, mining and utilities M&A - Global dealmaking in the construction and energy, mining and utilities (EMU) sectors has cooled over the course of 2023. There were 2,927 deals announced across the sectors through the first nine months of the year, down 12.7
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The utilities sector is up 20% in 2024. Analysts love these dividend-paying names
CNBC: Investing
SEPTEMBER 10, 2024
Utilities are outpacing technology in 2024, benefiting from their role in the expansion of artificial intelligence and a growing need for electrical power.
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VC-backed Electric Sheep eyes new PE fund, 5 PE deals in the utility EPC sector
PE Hub
DECEMBER 13, 2023
Private equity bets actively on the utility and power sector. The post VC-backed Electric Sheep eyes new PE fund, 5 PE deals in the utility EPC sector appeared first on PE Hub.
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Battery storage M&A powers into 2024
JD Supra: Mergers
MAY 21, 2024
Battery energy storage systems (BESS), which enable utility companies and grid operators to access pools of surplus renewable energy on demand that would otherwise be wasted, play a central role in the global energy transition.
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Renewable energy assets yielded big deals for utilities and others in 2023
PE Hub
DECEMBER 14, 2023
The post Renewable energy assets yielded big deals for utilities and others in 2023 appeared first on PE Hub. Apollo, ArcLight, Blackstone, Brookfield, EnCap and other investors struck big deals for wind, solar and hydro portfolios.
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Berkshire Hathaway now owns 100% of BHE, but the utility giant has been a weak spot for the conglomerate
CNBC: Investing
OCTOBER 6, 2024
The Omaha-based conglomerate entered a deal to acquire the 8% remaining stake in Berkshire Hathaway Energy from the heirs of the late Walter Scott.
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Utilities are the hottest part of the stock market right now, on track for their best year since 2000
CNBC: Investing
SEPTEMBER 28, 2024
Power and light and related stocks are also on course for their strongest year since 2000.
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Foley Automotive Update - August 2024 - 2
JD Supra: Mergers
AUGUST 22, 2024
Declining automotive plant capacity utilization in the U.S. A number of auto suppliers are reducing R&D and engineering budgets in response to cost pressures, according to a report in Crain’s Detroit.
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Forget tech and utilities. There's about to be a new best sector for 2024
CNBC: Investing
OCTOBER 16, 2024
The financial sector is rallying late in the year, helped by strong bank earnings.
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Energy & Sustainability M&A Activity — July 2024
JD Supra: Mergers
JULY 2, 2024
May 21, 2024: Alternative Power Partners, providers of renewable energy project development that deals in cutting-edge technologies to drive the transition towards clean energy solutions for community, commercial, industrial, and utility-scale solar and battery projects, was acquired by Renewable Construction Services for an undisclosed amount.
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CFIUS Continues to Expand Its Authority and Increase Enforcement Activity
JD Supra: Mergers
OCTOBER 24, 2024
The Committee on Foreign Investment in the United States (CFIUS) continues to aggressively utilize and expand its authority to address national security risks related to foreign investment into the United States. By: Akin Gump Strauss Hauer & Feld LLP
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Best energy and utility stocks to own for rest of year, according to UBS
CNBC: Investing
MAY 31, 2024
The firm's list of its highest-conviction energy picks for the remainder of the year range from a newly touted AI play to an oilfield services leader.
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No More Non-Competes?
JD Supra: Mergers
JUNE 18, 2024
Training new employees often involves disclosing information containing trade secrets to these employees – valuable information that could be utilized to start a competing business or improve a competitor’s operation. Many employers and stakeholders in U.S. businesses may initially balk at this news. By: Caldwell
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Intellectual Property Considerations For Startups – Types Of Intellectual Property
JD Supra: Mergers
SEPTEMBER 30, 2024
Startups must comprehensively understand the types of intellectual property and fashion a forward-looking strategy to protect innovations utilizing intellectual property. Traditionally, the main assets of startups are innovations that require Intellectual Property protections, such as Patents, Trademarks, Copyrights, and/or Trade Secrets.
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This sector ETF that won big in April is set to outperform again after a pause, according to the charts
CNBC: Investing
MAY 6, 2024
The utilities sector was the only S&P 500 sector with a positive return in April, resulting in a bullish long-term momentum shift for the Utilities SPDR (XLU).
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Two Steps Too Far: New Limitations on the Use of the Texas Two- Step to Resolve Mass Tort Liability in Bankruptcy
JD Supra: Mergers
MAY 21, 2024
This paper explores the mechanisms by which companies have utilized corporate restructuring through divisive mergers in conjunction with the available protections and tools of the United States Bankruptcy Code to resolve mass tort liability without placing the entirety of the business under bankruptcy.
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JPMorgan says the market is about to get tricky, buy utilities and staples stocks starting to outperform
CNBC: Investing
MAY 7, 2024
The firm's Mislav Matejka said equities are coming up against a seasonally weak period that could point to further consolidation ahead.
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JPMorgan downgrades this electric utility stock on rising regulatory risks
CNBC: Investing
JUNE 2, 2023
JPMorgan downgraded Xcel Energy stock Friday, over a decision in Minnesota by regulators to raise the price of electricity by less than expected.
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The Federal Trade Commission and ?Justice Department Release Final 2023 Merger Guidelines
JD Supra: Mergers
JANUARY 11, 2024
The Federal Trade Commission and the Justice Department jointly issued the 2023 Merger Guidelines on December 18, 2023, which describe the factors and frameworks the agencies will utilize when reviewing mergers and acquisitions.
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UK’s FTSE 100 slips on utilities losses; indexes set for weekly gains
Global Banking & Finance
DECEMBER 6, 2024
(Reuters) – The UK’s benchmark FTSE 100 edged lower on Friday, pressured by losses in defence stocks and utilities, while Direct Line jumped after Aviva agreed to buy the insurer. The blue-chip FTSE 100 was down 0.1%, while the midcap FTSE 250 was up 0.3% at 0945 GMT. Both indexes are on track to log […]
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Fortifying Utility and Bill Payments: Key Strategies to Prevent Fraud
Razorpay
OCTOBER 29, 2024
In today’s digital landscape, the rise of online transactions has unfortunately been accompanied by an increase in fraudulent activities, particularly in sectors such as utilities and recharges. This involves collecting government-verified documents such as Aadhaar, PAN, or utility bills from customers to confirm their identities.
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Cybersecurity Funding for State, Local, and Tribal Nations and Electric Utilities
Cisco: M&A
AUGUST 21, 2023
As our nation works towards a common goal of strengthening its critical infrastructure by deploying advanced cybersecurity, federal grants are one of the sources available to state and local… Read more on Cisco Blogs
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This power company has outpaced Nvidia, could ink next nuclear deal after Three Mile Island
CNBC: Investing
SEPTEMBER 20, 2024
The Three Mile Island restart demonstrates the growing financial opportunity that nuclear power represents for utilities and their investors.
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Tax Liability Insurance - M&A and Beyond
JD Supra: Mergers
SEPTEMBER 9, 2024
Rather than considering an adjustment to the purchase consideration, negotiating an indemnity/escrow, self-insuring the risk.
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Energy & Sustainability M&A Activity — November 2023
JD Supra: Mergers
NOVEMBER 3, 2023
September 7, 2023: ConnectGen, a company that develops, builds, operates, and finances utility-scale clean energy projects, was acquired by Repsol for an estimated $715 million.
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