Emera to Acquire Canadian Utilities in Merger of Equals

Cenovus Energy to Acquire Athabasca Oil Corporation

October 5, 2026

Oil & Gas

Cenovus Energy entered into a definitive arrangement agreement to acquire all outstanding shares of Athabasca Oil Corporation in a cash-and-stock transaction valued at approximately C$5.7 billion. The acquisition adds Athabasca’s thermal oil sands and Duvernay assets to Cenovus’s portfolio; closing is expected in December 2026, subject to shareholder, regulatory, and other customary approvals.

NorthWestern Energy and Black Hills Announce Merger of Equals to Create Bright Horizon Energy

July 29, 2026

Infrastructure

NorthWestern Energy Group and Black Hills Corporation entered into an all-stock merger agreement that combines the two electric utility operators into an equal partnership. Shareholders approved the merger and multiple regulators (FERC, Nebraska, and South Dakota public utility commissions) have already approved it; Montana regulatory approval remains and the companies expect closing by year-end 2026.

NextEra Energy Acquires Dominion Energy in $66.8B All-Stock Merger

May 18, 2026

Utilities

NextEra Energy, Inc. has entered into a definitive, all-stock agreement to combine with Dominion Energy, Inc. in a transaction valued at approximately $66.8 billion. Dominion shareholders will receive 0.8138 shares of NextEra Energy per Dominion share plus a one-time $360 million cash payment, with the combined company expected to serve about 10 million utility customer accounts across Florida, Virginia, North Carolina and South Carolina.

Aurora Energy Research Acquires EDC Associates Ltd. to Expand Alberta Power Market Capabilities

March 16, 2026

IT Services

Aurora Energy Research announced it is acquiring EDC Associates Ltd., an Alberta-focused energy market consultancy. The deal is intended to expand Aurora’s local expertise and market coverage for the Alberta electricity market, including its transition to the Restructured Energy Market (REM) in 2027.

American Water Works Company to Merge with Essential Utilities in $63 Billion All-Stock Deal

October 28, 2025

Infrastructure

American Water Works Company, Inc. and Essential Utilities, Inc. announced a definitive, all-stock, tax-free merger under which Essential shareholders will receive 0.305 shares of American Water for each share of Essential. The combination is intended to create the largest regulated water and wastewater utility in the United States, serving about 4.7 million water/wastewater connections across 17 states, with the deal expected to close in the first quarter of 2027 subject to regulatory approvals and other customary conditions.

Uranium Energy Corp Acquires UEX Corporation

June 13, 2022

Energy

Uranium Energy Corp. (UEC) agreed to acquire all outstanding common shares of UEX Corporation (UEX) via a statutory plan of arrangement, using a share exchange of 0.0831 UEC shares for each UEX share (implied C$0.43 per UEX share, ~50% premium). The deal, expected to close in Q3 2022, combines UEC's U.S. production-ready ISR assets and physical uranium holdings with UEX's Canadian exploration portfolio in Saskatchewan and Nunavut to create a larger North American-focused uranium company.