Investment Summary

Liberty Energy Utilities Invests In California Pacific Electric

On December 21, 2012, Liberty Energy Utilities invested in utilities company California Pacific Electric from Emera for 39M USD

Investment Highlights
  • This is Liberty Energy Utilities’ 2nd transaction in the Utilities sector.
  • This is Liberty Energy Utilities’ 2nd largest (disclosed) transaction.
  • This is Liberty Energy Utilities’ 2nd transaction in the United States.
  • This is Liberty Energy Utilities’ 1st transaction in California.

Investment Summary
Date 2012-12-21
Target California Pacific Electric
Sector Utilities
Investor(s) Liberty Energy Utilities
Sellers(s) Emera
Deal Type Stake Purchase
Deal Value 39M USD

Target

California Pacific Electric

South Lake Tahoe, California, United States
website
California Pacific Electric Co. provides water, natural gas, and electric transmission and distribution services.

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Investor(S) 1

Investor

Liberty Energy Utilities

Tahoe Vista, California, United States
Category Company
Sector Utilities
DESCRIPTION

Liberty Energy Utilities Co. provides local electrical distribution utility services.

DEAL STATS #
Overall 2 of 4
Sector (Utilities) 2 of 4
Type (Stake Purchase) 1 of 1
State (California) 1 of 1
Country (United States) 2 of 4
Year (2012) 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-03 Granite State Electric

Salem, New Hampshire, United States

Granite State Electric Co.provides electric retail distribution for approximately 43,000 customers in 21 countries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-01 United Water Arkansas

Pine Bluff, Arkansas, United States

United Water Arkansas Inc.provide comprehensive, sustainable water and wastewater management solutions that promote public, economic, and environmental health.

Buy $28M

Seller(S) 1

SELLER

Emera

Halifax, Nova Scotia, Canada

website

Category Company
Founded 1998
Sector Utilities
Employees7,523
Revenue 5.8B CAD (2021)
DESCRIPTION

Emera is a geographically diverse energy and services company.The company invests in electricity generation, transmission and distribution, as well as gas transmission and utility energy services. Emera was founded in 1998 and is based in Halifax, Canada.

DEAL STATS #
Overall 1 of 4
Sector (Utilities) 1 of 4
Type (Stake Purchase) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 4
Year (2012) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-19 New England Independent System Operator

United States

Tiverton and Rumford are both natural gas-fired combined cycle plants, each with a nominal capacity of 265 MW. Tiverton and Rumford have winter generation capacities of 279 MW and 270 MW, respectively with a combined maximum capacity of 549 MW.

Buy $541M
Mergr

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