Regulation
FERC Approves MARA's Acquisition of the Long Ridge Gas Plant for $1.51 Billion
Huoxing Finance reports that on November 5, according to a post by Matthew Sigel, Head of Digital Assets Research at VanEck, the U.S. Federal Energy Regulatory Commission (FERC) has approved MARA Holdings’ (MARA) acquisition of the Long Ridge natural gas power generation assets (Case No. EC26-92). Sigel noted that objections raised by the Independent Market Monitor (IMM) based on concerns related to BlackRock and Vanguard were not upheld, and FERC also declined to require that the plant’s output remain connected to the PJM grid as a condition of approval. According to his analysis, the enterprise value of the transaction is...
KuCoin2 min read
