Deals News Hubb
Advertisement Banner
  • Home
  • Business Deals
  • Shopping Deals
  • Contact
No Result
View All Result
  • Home
  • Business Deals
  • Shopping Deals
  • Contact
No Result
View All Result
Gourmet News Hubb
No Result
View All Result
Home Business Deals

Con Edison to sell U.S. renewable energy units to RWE in $6.8B deal (NYSE:ED)

admin by admin
October 2, 2022
in Business Deals


hrui

Consolidated Edison (NYSE:ED) announced Saturday it agreed to sell its wholly-owned Con Edison Clean Energy Businesses to German utility RWE (OTCPK:RWEOY) in a transaction valued at $6.8B.

Con Edison (ED) said the deal will allow it to “sharply focus on our core utility businesses and the investments needed to lead New York’s ambitious clean energy transition.”

RWE (OTCPK:RWEOY) said the acquisition will nearly double its renewables portfolio in the U.S. to more than 7 GW.

In light of the pending deal, Con Edison (ED) said it will forego its previously announced plan to issue up to $850M of common equity in 2022 and withdraw its equity guidance for 2023 and 2024.



Source link

Previous Post

The 10 Best Dyson Airwrap Dupes and Alternatives — Get the Same Effect for Less

Next Post

Toyota’s CEO cautions against electric vehicles hype, views them as just one option in his ‘department store’ of powertrains

Next Post

Toyota’s CEO cautions against electric vehicles hype, views them as just one option in his ‘department store’ of powertrains

Recommended

Hot Stocks: CVNA plunges on quarterly results; BYND, ALG climb; MMM hits 52-week low

3 months ago

S&P Ratings turns negative on property, casualty insurers amid weak credit trends

4 months ago

Crystal’s $113 grocery shopping purchases this past week

6 months ago

*HOT* CodeSpark Academy Annual & Lifetime Deals!

2 months ago

Credit card trends continue normalizing in February, nearing prepandemic level (NYSE:BFH)

2 months ago

Elon Musk plans to start charging Twitter users $8 monthly for verification check marks as soon as Monday

7 months ago
Deals-(-White-)

© Deals News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Business Deals
  • Shopping Deals
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Business Deals
  • Shopping Deals
  • Contact

© 2022 Deals News Hubb All rights reserved.