Latest news
E.ON to sell UK power grid business for £4bn to an U.S. firm
The German energy utility company, E.ON, declared on Wednesday that it has agreed to sell its UK power distribution business, Central Networks, to the US firm, PPL Corporation for £4 billion.
read more... 04/03/2011
Ofgem will impose financial penalties on three power grid companies
Ofgem, the UK energy regulator, has imposed financial penalties to three local power grid firms of a total of £1million for connection delays to the local electricity network.
read more... 09/02/2011
Ofgem warns local power grid operators from UK.
Energy regulator Ofgem has warned the electricity network firms of UK by saying that they are putting the customers at an 'unacceptable' risk of power cuts in trying to maintain the country's old pylons and wires.
read more... 28/12/2010
Endesa received three bids for its Spanish gas network
Three infrastructure funds (sponsored by Macquarie, Goldman Sachs and AXA Private Equity) have submitted their bids on Monday for the distribution and transmission grid of Spanish Endesa SA.
read more... 15/09/2010
Sale of the UK power distribution networks approved by EDF
The sale of the UK electricity distribution networks of EDF group to the Cheung Kong group was approved by EDF’s Board of Directors on September 8th, following its final offer of 29 July, worth 3.2 billion sterling pounds in equity, meaning 6.8 billion Euros in net debt reduction for EDF.
read more... 09/09/2010