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Puget Energy shareholders, FERC OK $7.4 bil takeover by consortium

机译:Puget Energy股东,FERC同意以74亿美元收购

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Puget Energy shareholders last week approved the proposed $7.4 billion acquisition by an international consortium that would place control of the Northwest's largest utility with Canadian, Australian and New York-based pension funds and infrastructure investors. A day later, the Federal Energy Regulatory Commission also approved the deal and praised the companies "ring-fencing" measure to protect utility customers from cross-subsidization and insulate them from financial activities associated with the new holding company structure. "We will accept the conditions adopted by the Washington commission unless we find them inadequate to police improper cross subsidization. We reserve our authority to issue supplemental orders as appropriate after reviewing the ring-fencing provisions adopted by the Washington commission," FERC Chairman Joseph Kelliher said. Puget Energy agreed to the deal in part because it needs financing to construct power plants and wind farms to meet subsidiary Puget Sound Energy's growing loads and renewables mandates, said Marsha Monfried, Puget spokeswoman. The utility serves more than one million electric and 720,000 natural gas customers in Washington.
机译:Puget Energy的股东上周批准了一个国际财团提出的74亿美元的收购提议,该财团将把西北最大的公用事业公司控制在加拿大,澳大利亚和纽约的养老基金和基础设施投资者手中。一天后,联邦能源管理委员会也批准了该交易,并称赞公司采取“围墙式”措施,以保护公用事业客户免受交叉补贴,并使他们免受与新的控股公司结构相关的金融活动的影响。 FERC主席约瑟夫·凯利赫(Joseph Kelliher)“我们将接受华盛顿委员会通过的条件,除非我们发现这些条件不足以弥补警察不正当的交叉补贴。我们保留在审查华盛顿委员会通过的围栏规定后酌情发布补充命令的权力。”说过。 Puget发言人Marsha Monfried说,Puget Energy同意该交易的部分原因是,它需要融资来建设电厂和风力发电场,以满足子公司Puget Sound Energy不断增长的负荷和可再生能源的要求。该公用事业公司为华盛顿的超过一百万电力和72万天然气用户提供服务。

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