Listed infrastructure companies have announced several notable transactions in February.
UGI Energy Services, a subsidiary of UGI Corp., and BP subsidiary Archaea Energy have formed Aurum Renewables, a joint venture to develop renewable natural gas (RNG) at the Commonwealth Environmental Systems landfill in Hegins, Pa. Archaea holds a 60 percent stake and a UGI subsidiary owns 40 percent.
Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp., has completed a grid connection for a 19.8-megawatt solar project located at a former landfill property in Mount Olive, N.J. The connection is now delivering clean energy through FirstEnergy’s transmission lines.
Williams has closed its acquisition of MountainWest Pipelines Holding Co. from Southwest Gas Holdings in a transaction including $1.07 billion in cash and $0.43 billion of assumed debt, for an enterprise value of $1.5 billion.
The Aurum Renewables joint venture will develop a new
