Core Viewpoint - Texas-New Mexico Power Company (TNMP) and Blackstone Infrastructure have reached a unanimous settlement for Blackstone to acquire TXNM Energy, pending approval from the Public Utility Commission of Texas (PUCT) [1][3] Settlement Details - The settlement includes a $45.5 million rate credit to customers over 48 months following the transaction's closing, demonstrating TNMP's commitment to delivering value [6] - The Board of Directors will consist of seven members, including three disinterested directors, ensuring governance aligns with the interests of TNMP and its customers [6] - TNMP will maintain financial protections, including no acquisition-related debt and restrictions on dividend payments [6] - TNMP's headquarters will remain in Texas, and there will be no involuntary workforce reductions or wage cuts for at least three years post-closing [6] - TNMP will not seek recovery of transaction-related costs in customer rates and will continue to operate under PUCT jurisdiction [6] Background Information - TXNM Energy is an energy holding company serving over 800,000 homes and businesses in Texas and New Mexico through its regulated utilities, TNMP and PNM [4]

The share price of NorthWestern Energy Group, Inc. (NASDAQ:NWE) surged by 3.46% between December 5 and December 12, 2025, putting it among the Energy Stocks that Gained the Most This Week. JPMorgan Raises Price Target on NorthWestern Energy Group (NWE) eliza-diamond-Iw2oRD2NP2w-unsplash NorthWestern Energy Group, Inc. (NASDAQ:NWE) is a utility company providing reliable and affordable electricity and natural gas to customers in Montana, South Dakota, and Nebraska. On December 12, JPMorgan raised its pr ...

Core Viewpoint - ALLETE, Inc. has completed its acquisition by Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP), following approval from the Minnesota Public Utilities Commission (MPUC) [1][3]. Financial Commitments - The acquisition will deliver approximately $200 million in benefits to Minnesota Power customers and communities, including a one-year base rate freeze and $50 million in rate credits [2][4]. - Transaction-related costs will not affect customer rates [5]. Infrastructure and Management - CPP Investments and GIP will fund ALLETE's five-year plan to strengthen and expand the transmission grid and support the energy transition [3]. - ALLETE will remain locally managed and headquartered in Duluth, MN, with its current leadership team and workforce retained [3][4]. Governance - The board of directors will be majority independent, with several members from Minnesota and Wisconsin, ensuring regional representation in utility decision-making [3][4]. Shareholder Returns - Under the merger agreement, CPP Investments and GIP acquired all outstanding common shares of ALLETE, with shareholders receiving $67 per share in cash shortly after closing [4].

Core Points - Xcel Energy Inc. has initiated three separate cash offers to purchase up to $345 million in aggregate principal amount of first mortgage bonds issued by its subsidiary, Northern States Power Company [1][2] - The acceptance of bonds will follow specified priority levels, with no proration for any series of bonds accepted for purchase [1][15] - The offers will expire on December 19, 2025, at 5:00 p.m. New York City time, unless extended or terminated earlier [6][8] Offer Details - The bonds involved in the offers include three series with varying interest rates and maturity dates, specifically 3.600%, 4.00%, and 4.125% [3] - The total consideration for each series will be based on a fixed spread plus the applicable yield from U.S. Treasury reference securities [12] - Holders of accepted bonds will receive cash payments for both the total consideration and accrued interest [10][9] Conditions and Procedures - The offers are subject to conditions, including the maximum purchase amount not exceeding $345 million and the satisfaction of the maximum purchase condition [11][17] - Holders can withdraw their tendered bonds until the specified withdrawal date, which is also December 19, 2025 [6][20] - The settlement date for accepted bonds is expected to be December 24, 2025 [8] Company Overview - Xcel Energy is a leading energy provider in the U.S., focusing on reducing carbon emissions and delivering clean energy solutions across eight states [25]

With a market cap of $19.8 billion, NiSource Inc. (NI) operates as a regulated natural gas and electric utility through its Columbia Operations and NIPSCO Operations segments. The company delivers natural gas to approximately 2.4 million customers across several states using an extensive network of distribution and transmission pipelines. Companies valued at $10 billion or more are generally classified as “large-cap” stocks, and NiSource fits this criterion perfectly. NiSource also generates, transmits, ...

Kenya signed a $311 million deal with the African Development Bank’s Africa50 and state-owned Power Grid of India to build and operate two high-voltage transmission lines https://t.co/PDgZATsoQP ...

Core Insights - Utility stocks had been performing well in 2025 but have recently experienced a pullback, suggesting potential for a rebound in the sector Group 1: Brookfield Infrastructure - Brookfield Infrastructure operates globally with significant assets in utilities, including 3,500 kilometers of natural gas pipelines and 3,100 kilometers of electricity transmission lines [4][6] - The company has a market cap of $6.1 billion, with a current price of $46.33 and a dividend yield of 4.9% [5][6] - Brookfield Infrastructure's funds from operations (FFO) are diversified, with only 5% sensitive to oil and gas market conditions, indicating stability [6] Group 2: Enbridge - Enbridge operates an extensive pipeline network, transporting approximately 30% of North America's crude oil and 20% of the natural gas used in the U.S. [7][8] - The company has a market cap of $104 billion, with a current price of $47.55 and a forward dividend yield of 5.9% [9][10] - Enbridge has a strong track record of dividend increases, having raised its dividend for 30 consecutive years, and has $50 billion in visible growth opportunities through 2030 [11] Group 3: Evergy - Evergy operates in Kansas and Missouri, providing power and has outperformed both the S&P 500 and the utilities sector this year [12][13] - The company has a market cap of $17 billion, with a current price of $73.80 and a dividend yield of 3.8% [14][15] - Evergy is well-positioned for growth due to the construction of new data centers in its service areas, with management anticipating growth opportunities through 2030 and beyond [16]

Deadly flooding in Asia and early snowstorms across the US are signaling the return of a weather-roiling La Niña, a cooling of Pacific waters that can disrupt economies and trigger disasters worldwide.In recent La Niña years, global losses have ranged from $258 billion to $329 billion, according to Aon, a reinsurance broker and data analysis firm. Despite year-to-year swings in damage totals, the overall trajectory is unmistakable: Extreme weather is pushing losses higher. The La Niña phenomenon is often li ...

Finland plans to fine a Swedish power trader after an erroneous bid last year caused prices to plunge deep below zero for an entire day https://t.co/2lMUFKBz0N ...

The equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend tickers, REITs, and green energy firms.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote thi ...