Duke Energy has completed the sale of its commercial distributed generation portfolio to an investment fund managed by ArcLight Capital Partners LLC, a middle market infrastructure investment firm.
The sale agreement, which was previously announced in July 5, includes REC Solar’s operating assets, development pipeline and O&M portfolio, as well as distributed fuel cell projects managed by Bloom Energy.
ArcLight’s acquisition of the distributed generation business further expands the firm’s focus on developing strong standalone renewable platforms across the infrastructure sector.
Employees of the distributed generation business will transition to ArcLight to maintain business continuity for its operations and customers.
BofA Securities Inc. is serving as the financial advisor, and Mayer Brown LLP is serving as the legal counsel to Duke Energy for this transaction. Scotia is serving as the financial advisor, and Kirkland & Ellis is serving as the legal counsel to ArcLight.
Photo by Markus Spiske on Unsplash
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Duke Energy Closes Sale of Commercial Distributed Generation Portfolio
I have such respect for Pascal that I considered naming our son after him. (My wife wasn’t having it. Maybe if we lived in France?)
Pascal made important contributions to both math and physics but he’s perhaps best known for his philosophic “wager,” that it makes sense to believe in God, since if He exists, you’ll be very glad you did, and if He doesn’t, you haven’t lost anything. I counter that this is not how we accept or reject religious tenets.
“Republican Patriots” writes: Howard Stern once again reveals the contempt so many in the entertainment elite hold for everyday Americans. He claims not to hate President Trump himself, but openly declares his hatred for those who support him, calling them stupid and saying he has no respect for them. This kind of arrogant dismissal shows how out of touch these Hollywood types have become with the hardworking people who built this country.
I’ve got news: contempt for Trump supporters is hardly limited to “these Hollywood types.” The vast majority of Americans–especially at this point–are neither greedy pigs nor hateful morons. We respect human rights and rule of law.
Can’t something be done to stop this lunatic?
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