Tag: #utilities

U.S. Households Face Rising Utility Debts Amid Surging Energy Costs

Overdue utility bills surge by 9.7% as energy costs rise, affecting millions of U.S. households and sparking political challenges.

#economy, #utilities, #energy, #debts

TE Connectivity Completes $2.3 Billion Acquisition of Richards Manufacturing

TE Connectivity finalized its $2.3B acquisition of Richards Manufacturing for strategic growth in North America's utility grid sector.

#teconnectivity, #acquisition, #richardsmanufacturing, #grid, #utilities

Blackstone Infrastructure Announces $11.5 Billion Acquisition of TXNM Energy

Blackstone to acquire TXNM Energy for $11.5B, boosting utility sector holdings amid rising electricity demand.

#blackstone, #acquisition, #utilities, #energy, #txnm

Thames Water CFO Resigns Amid Financial Turmoil

The CFO of Thames Water, Alastair Cochran, resigns as the utility giant battles a severe financial crisis, grappling with a £20 billion debt and the need for £3 billion in new equity. Potential nationalization and government intervention loom as the company seeks financial stability.

#finance, #united kingdom, #utilities, #water crisis, #corporate leadership