ECP wanted $5 billion for its sixth fund. Investors gave it 62% more, and the money is aimed at power.

• ECP closed Fund VI at an expanded hard cap of $8.1B against a $5B target, 84% above the $4.4B predecessor it closed in May 2024. Sovereign wealth funds, pensions, insurers, asset managers and family offices came in, many of them repeat investors. The firm has now raised more than $41B since 2005.

• The mandate is power generation, renewables and storage, and sustainable infrastructure — Doug Kimmelman ties the raise to AI buildout, industrial onshoring and electrification. Fund VI is already deployed into DCC, EnergySolutions and Grain LNG, Europe’s largest LNG terminal, in a Centrica joint venture.

Business Wire

• MDU signed precedent agreements with every binding bidder from the Bakken East open season — 1.2 Bcf/d against 1.4 Bcf/d of design. The $2.7B–$3.2B line moves North Dakota gas into Minnesota. FID comes before a Q4 FERC filing, with phases in late 2029 and 2030.

• Southwest Gas has 1 Bcf/d committed to Great Basin and files later this year. Its cost estimate already moved to $2.3B from the $1.7B sitting in guidance — up 35% before a certificate exists, against $270M–$300M of projected annual margin.

MDU · Southwest Gas

• RWE settled with Interior for $1.22B and gives up its offshore-wind leases in the New York Bight, California and Louisiana. It had sunk more than $1B into the three and saw no path through federal permitting.

• Some $900M goes into an indirect 16% stake in Louisiana LNG, Woodside’s Calcasieu Parish project. Another $300M buys turbine reservations behind 15 potential peakers. RWE still plans €17B of U.S. spending over six years, taking 13 GW to 22 GW by 2031.

• Constellation signed another 920 MW of nuclear PPAs with investment-grade customers on 15- to 20-year terms starting 2029 to 2032, plus a 176 MW Walmart deal behind a 30 MW uprate at Dresden.

• It sells the 606 MW Brazos Valley plant in ERCOT to LS Power for $860M — the last divestiture the Calpine settlement requires, DOJ pending, closing by year-end. FERC cleared the Crane restart’s interconnection transfer, and 2026 EPS guidance rose to $11.50–$12.50.

• Solaris expanded three power contracts worth more than $100M of added annual adjusted EBITDA. A February rental deal now covers a turnkey 660 MW plant — generation, balance of plant, batteries and energy-management systems built for AI loads.

• Maximum term stretched to 18 years from 15, a 10-year base plus eight extensions. A third customer took its microgrid from 60 MW to 80 MW. Solaris closed $2B of growth financing and ended the quarter near $1.4B of liquidity.

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