The Week in Deals
1 deal| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Oct 3 | Utility PPA | Solar | Innovative Solar 76, LLC | Duke Energy Progress, LLC | 5 MW | NC | Closed | Companion-tier filing alongside ppa-2025-039 through 043 (Innovative Solar 54/67, Brantley, Fox Creek, Buckleberry). Same $53.50/MWh standardized PPA strike. Sub-region: Duke (NC/SC). |
Change of Control
5 movesLaura V. Swett joined as Chairman at Federal Energy Regulatory Commission (from Energy Litigation Partner, Vinson & Elkins)
Vinson & Elkins energy litigator (15-year FERC practice) confirmed by Senate Oct 7, 2025 alongside LaCerte; designated FERC Chair by Trump immediately after, replacing interim chair Rosner. Restores FERC to a 5-member commission and shifts the body to a 3-2 Republican majority during the data-center load-interconnect debate.
David A. LaCerte joined as Commissioner at Federal Energy Regulatory Commission (from Principal White House Liaison and Senior Advisor to the Director, U.S. Office of Personnel Management)
Confirmed by Senate Oct 7, 2025 alongside Swett. Brings FERC back to a full 5-member commission for the first time during 2025; expected to focus on grid reliability and generator interconnection reform.
Sanjay Shrestha departed Plug Power as President
Shrestha exits the President role at Plug as the company unveils its broader CEO succession plan. Plug subsequently sued Shrestha alleging post-departure violations of restrictive covenants — a sour ending to a key tenure.
Jose Luis Crespo named President at Plug Power (from Chief Revenue Officer, Plug Power)
11-year Plug veteran and CRO Crespo named President effective Oct 10, with CEO succession set for March 2026. Architect of Plug's $8B+ sales funnel and Amazon/Walmart/Home Depot relationships.
George McNamee appointed Lead Director at Plug Power (from Director, Plug Power)
McNamee elevated to Lead Director as Plug Power restructures the board and CEO suite — a governance signal alongside the Marsh-to-Crespo handoff.
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