Investment Summary

Constellation Energy Invests In NRG Energy - Texas Nuclear Plant

On June 1, 2023, Constellation Energy invested in utilities company NRG Energy - Texas Nuclear Plant from NRG

Investment Highlights
  • This is Constellation Energy’s 1st transaction in the Utilities sector.
  • This is Constellation Energy’s 1st transaction in the United States.
  • This is Constellation Energy’s 1st transaction in Texas.

Investment Summary

Date 2023-06-01
Target NRG Energy - Texas Nuclear Plant
Sector Utilities
Investor(s) Constellation Energy
Sellers(s) NRG
Deal Type Stake Purchase
Advisor(s) Sidley (Legal)

Target

NRG Energy - Texas Nuclear Plant

Houston, Texas, United States
NRG Energy's Texas Nuclear Plant is a 2,645-megawatt, dual-unit nuclear plant located about 90 miles southwest of Houston.

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Investor(S) 1

Investor

Constellation Energy

Baltimore, United States

website


Category Company
Sector Utilities
Employees13,370
Revenue 24.4B USD (2022)
DESCRIPTION

Constellation Energy is a producer of clean, carbon-free energy and supplier of energy products and services to businesses, homes, community aggregations, and public sector customers across the continental United States, including three-fourths of Fortune 100 companies. Constellation Energy is headquartered in Baltimore, Maryland.


DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Stake Purchase) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

NRG

Houston, Texas, United States

website


Category Company
Founded 1989
Sector Utilities
Employees6,603
Revenue 31.5B USD (2022)
DESCRIPTION
Entrance to an NRG office in downtown Houston, Texas.
Entrance to an NRG office in downtown Houston, Texas.

NRG is a wholesale power generation company. NRG engages in the ownership, development, construction, and operation of power generation facilities; the transacting in and trading of fuel and transportation services; and the trading of energy, capacity and related products in the US and select international markets. NRG was formed in 1989 and is based in Houston, Texas.


DEAL STATS #
Overall 7 of 7
Sector (Utilities) 3 of 3
Type (Stake Purchase) 1 of 1
State (Texas) 2 of 2
Country (United States) 7 of 7
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-06 Vivint

Provo, Utah, United States

Vivint is a full-service security alarm company that generates sales door-to-door during the summer months and services the contracts throughout the year. Vivint was formed in 1999 and is based in Provo, Utah.

Buy $2.8B