Energy crisis will bring social unrest, global investment firm warns

Blackstone’s Chief Executive said that a real shortage of energy could cost a lot more than expected

Centrica sells three Texas power stations for $685m

British Gas owner Centrica confirmed plans to sell its gas-fired power stations in Texas for $685 million (£420m) in cash. Blackstone Group, a global investment and advisory firm, will buy three power plants from Centrica’s North American subsidiary Direct Energy – which the British energy giant bought for £500 million earlier this year. The units […]