UPDATE: Unless Severn Trent Engages in Discussion, Bid Consortium Will Walk Away
LongRiver Consortium will walk away from the proposed US$8.2 million bid unless Severn Trent engages in discussion with the company.
Utilities
Enerplus Misses Q1 2024 Profit Targets While Processing Acquisition by Chord
Canadian oil and energy company Enerplus reported an 18.6% revenue loss for its Q1 2024 report compared to figures at the same period last year.
Millions of Americans Exposed to Gas Stoves Face Higher Risk of Breathing More Unhealthy Nitrogen Dioxide: Study
A recent study on air pollution in American households revealed that those using gas or propane stoves are exposed to consistently high levels of nitrogen dioxide, which can be detrimental to their he..
Icons: Airbnb Launches Hollywood-Theme Houses Inspired From ‘Up,’ ‘X-Men 97’ Mansion
Airbnb is expanding its reach into the world of entertainment, specifically film and television, through its latest venture called Icons...
British Gas Yet to Compensate Customers Affected by Forced Prepayment Meter Installations
UK Energy Secretary Claire Coutinho criticizes slow and insufficient compensation payouts for forced prepayment meters, amid revelations that only 1,500 out of 150,000 cases are receiving redress...
How J. Prevost's Tucker Hill Air, Plumbing & Electric Uses Customer-Centricity in the Service Industry
Research shows that companies with a strong customer-centric culture a...
Oil Prices Expected to Rise as Israel Responds to Iran's Missile, Drone Attack
A potential increase in oil prices is expected following the recent at...
Latest News
Marubeni Leaves Energy Arm In Gavilon’s Deal
Japan’s Marubeni said that it will leave Gavilon’s energy arm from the proposed takeover deal.
Severn Trent Rejects Increased US$8.2 Billion Takeover Bid
Severn Trent rejected the raised bid from LongRiver consortium.
Marubeni Set to Takeover Gavilon's Energy Division
Marubeni Corp. is in advanced discussions to takeover Gavilon's energy division at US$5.6 billion.
LongRivers Partners to make new bid for Severn Trent
LongRivers Partners to make a new bid for water utilities firm Severn Trent Plc.
Tanzania Pursues Chinese, Indian Investors
After a failed privatization attempt with the water supply in Tanzania, the country is now in talks with companies from China, India and Israel to pursue its water-supply and sewer projects.
JPM Fails Challenge to California Cost Recovery Plan
JPMorgan Chase & Co. (JPM) loses its challenge to the cost-recovery plan that the California grid operator requires as set by the Federal Energy Regulatory Commission (FERC).
Settlement Reached for Jefferson County’s Sewer Debt
Jefferson County finally reached settlement for its debts with seven hedge funds including JPMorgan Chase & Co.
Skyline Innovations Announces US$2M Mezzanine Financing Round
Skyline Innovations announced mezzanine financing round worth US$2 million.
TECO Energy and Continental Energy to Purchase New Mexico Gas
TECO Energy and Continental Energy agrees to purchase New Mexico Gas Co.
