SEMPRA ENERGY SUBSIDIARY THAT OWNS 981 MEGAWATTS OF OPERATING RENEWABLE ELECTRIC PRODUCTION PROJECTS / CONSOLIDATED EDISON INC / SEMPRA ENERGY / Acquisition / Private / £1170m

Consolidated Edison, Inc. announced that one of its subsidiaries has agreed to acquire a Sempra Energy subsidiary that owns 981 megawatts (MW) AC of operating renewable electric production projects, including its 379 MW AC share of projects that it owns jointly with Con Edison subsidiaries, and certain development rights for additional solar electric production and energy storage projects. The purchase price for the acquisition is $1.54 billion.