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Stock Market & Financial Investment News

News Breaks
March 11, 2014
12:46 EDTNRG, DNRG Energy to acquire Dominion's retail electric business
NRG Energy (NRG) has entered into agreements with Dominion Resources (D) to acquire its retail electric business. Dominion currently serves more than 600,000 customer accounts in Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York, Ohio and Pennsylvania, and through its Cirro Energy brand in Texas. The transaction is expected to close by the end of March.
News For NRG;D From The Last 14 Days
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August 25, 2015
19:07 EDTNRGNRG Energy to close Huntley coal plant by March, Investigative Post says
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August 21, 2015
17:29 EDTNRGPJM releases results for 2018-2019 PJM Interconnection capacity auction
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August 20, 2015
08:03 EDTDIntrexon and Dominion enter exclusive agreement in Marcellus and Utica basins
Intrexon (XON) announced that Intrexon Energy Partners, and Dominion Energy, a subsidiary of Dominion (D), have entered into an agreement to explore the potential for commercial-scale biological conversion of natural gas to isobutanol, a drop-in fuel with numerous advantages over other clean burning gasoline blendstocks. Under the terms of the agreement, IEP will be required to meet specific development milestones prior to initiation of certain commercialization activities, which are subject to board approval by both parties. Dominion will be the exclusive partner to construct, own, operate, and maintain the production facilities in the Marcellus and Utica Shale Basins located in eastern North America via potential long-term services agreements with IEP. Within this geographic region, the collaboration plans to build natural gas bioconversion facilities leading to the creation of job opportunities and generation of local and state tax revenue.
August 17, 2015
08:36 EDTDDominion Midstream to acquire interests in Iroquois Gas Transmission
Dominion Midstream (DM) announced that it has entered into agreements with affiliates of National Grid and New Jersey Resources Corporation to acquire their ownership interests in Iroquois Gas Transmission System, in exchange for the issuance of approximately 8.6M common units in Dominion Midstream having an agreed-upon value of approximately $286.5M. As part of the agreements, National Grid and New Jersey Resources would contribute their combined 25.93% ownership interests in Iroquois to Dominion Midstream in exchange for newly issued Dominion Midstream common units. Dominion Midstream has no plans to acquire the ownership interest in Iroquois currently held by Dominion Gas Holdings, LLC, a wholly owned subsidiary of Dominion Resources (D). Under these agreements, approximately 6.8M units (representing approximately $225.4M at the agreed-upon unit price) would be issued to National Grid, and approximately 1.8 million units would be issued to New Jersey Resources. National Grid and New Jersey Resources have agreed to certain transfer restrictions applicable to such units including, with certain exceptions, a general one-year lockup period, and would be granted certain registration rights and piggyback registration rights with respect to future Dominion Midstream equity offerings. No public market issuance of units is planned in connection with these transactions. The partnership expects that cash flows associated with Dominion Midstream's existing preferred equity interest in Cove Point, ownership of Dominion Carolina Gas Transmission (acquired in April 2015), and the Iroquois interests acquired from National Grid and New Jersey Resources will be sufficient to support annual cash distribution growth at Dominion Midstream at the targeted rate of 22 percent through 2016. The purchase price equates to a 9.8x multiple of estimated 2015 EBITDA. The closing of both transactions is subject to clearance under the Hart-Scott-Rodino Act.
August 14, 2015
16:57 EDTNRGSoros gives quarterly update on stakes, increases Facebook position
NEW STAKES: Time Warner Cable (TWC), Schwab (SCHW), Alcoa (AA), NRG Energy (NRG), and Pacira (PCRX). INCREASED STAKES: Facebook (FB), Monsanto (MON), Nextera (NEE), Qunar (QUNR), and Rovi (ROVI). DECREASED STAKES: Alibaba (BABA), General Motors (GM), Motorola Solutions (MSI), EQT Corp (EQT), and Noble Energy (NBL). LIQUIDATED STAKES: Cenovus (CVE), Kite Pharma (KITE), Tempur Sealy (TPX), CF Industries (CF), and Suncor Energy (SU).

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