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
As shown here, there actually have been world leaders who were deeply honorable people.
At left we read what Grateful Dead cofounder Jerry Garcia said about the kind of life that he and his fans want.
Unfortunately, there is a roadblock, and it’s called “unfettered capitalism.” As rich people get richer, they tend to become less empathetic to the needs of others, and more capable of manipulating lawmaking processes in their favor.
I present the chart at left, though I do so without any belief that it will change anyone’s thinking.
As dozens of the world’s great thinkers have said over the centuries, Don’t expect that reason will have any effect on people who beliefs were formed without reason in the first place.
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