In this week’s post in the Recent Trends in Utility Mergers series, we examine the growing international interest in U.S. energy companies.
While most acquisitions of U.S. utilities and pipelines have been by another U.S. company, interest by foreign investors is strong. Since 2010, twenty U.S. utilities and pipelines have been acquired by international buyers and the largest independent electric transmission company in the U.S. was acquired by a Canadian company.
Utility Mergers Since 2010
Source: Concentric Energy Advisors, Inc. research of merger announcements, applications, settlements, and orders
 Emera/Maine & Maritimes; Gaz Métro/CVPS; AltaGas/SEMCo; Fortis/CHEnergy; Algonquin/NE Gas; Fortis/UNS; Balfour/Upper Peninsula Power; Iberdrola/UIL; Macquarie/Cleco; Emera/TECo; Algonquin/Empire District
 In addition to the transactions identified in footnotes 1 and 2, this chart reflects the following transactions: Duke/Piedmont, Dominion/Questar, Southern/AGL, Exelon/PEPCo, Black Hills/SourceGas, WEC/Integrys, Berkshire Hathaway/Altalink, TECO/NM Gas, Laclede/Alabama Gas, Laclede/New England Gas, Berkshire Hathaway/NV Energy, Laclede/Missouri Gas, Duke/Progress, NU/NSTAR, Exelon/Constellation, AGL/NICOR, AES/DPL, FirstEnergy/Allegheny, UIL/Berkshire Gas, PPL/E.ON
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