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The company is also seeking to execute an asset sale to Constellation, a subsidiary of Exelon Corp.
A significant part of getting natural gas supplies to market is educating state leaders, some of whom have targeted energy projects to score political points at the expense of their constituents.
Jeffrey Grybowski, CEO of Deepwater Wind, said the deal combines "two great teams to realize an enormous clean energy resource for coastal populations in the U.S."
CEO Himanshu Saxena said the Greenwich-based firm seeks "core infrastructure assets in attractive locations close to customer demand."
“Climate change is the most significant global threat of our lifetime,” said Malloy during the Global Climate Action Summit in San Francisco.
First Reserve previously owned the Houston-based business for approximately 10 years before selling it in 2011 to General Electric.
First Reserve, a Stamford-based private equity investment firm focused on the energy industry, is selling the assets of Texas American Resources I LLC to an affiliate of Venado Oil & Gas LLC.
A coalition of energy-efficiency contractors and advocacy groups have sue the State of Connecticut for diverting $155 million from the state’s energy efficiency programs into the General Fund. The lawsuit argues that funds designated for the Conservation & Load Management, Regional Greenhouse Gas Initiative, and Clean Energy Finance and Investment Authority were raised through an extra fee on electric bills.
"New England depends on healthy, protected shorelines and the Trump Administration just put it all at risk," U.S. Sen. Chris Murphy said.
Users of programs like Benchmark CT typically save nearly 4 percent on energy in the first year, the platform's software provider says.
Gov. Andrew M. Cuomo announces $207 million in power discounts to create 676 jobs in New York.