M&A Deal Summary

Calpine Acquires Exelon -Fore River Energy Center

On November 7, 2014, Calpine acquired renewable energy company Exelon -Fore River Energy Center from Exelon for 530M USD

Acquisition Highlights
  • This is Calpine’s 5th transaction in the Renewable Energy sector.
  • This is Calpine’s 4th largest (disclosed) transaction.
  • This is Calpine’s 5th transaction in the United States.
  • This is Calpine’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2014-11-07
Target Exelon -Fore River Energy Center
Sector Renewable Energy
Buyer(s) Calpine
Sellers(s) Exelon
Deal Type Divestiture
Deal Value 530M USD

Target

Exelon -Fore River Energy Center

North Weymouth, Massachusetts, United States
Exelon - Fore River Energy Center natural gas-fired, combined-cycle power plant, which has a nameplate generating capacity of 809 megawatts.

Search 191,421 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Calpine

Houston, Texas, United States

website


Category Company
Founded 1984
Sector Utilities
Employees2,209
Revenue 6.5B USD (2015)
DESCRIPTION

Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Company fleet of 80 power plants in operation or under construction represents approximately 26,000 megawatts of generation capacity. Through wholesale power operations and retail businesses Calpine Energy Solutions and Champion Energy, Company serve customers in 25 states, Canada and Mexico. Calpine clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. Company are uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid.


DEAL STATS #
Overall 6 of 9
Sector (Renewable Energy) 5 of 6
Type (Divestiture) 4 of 6
State (Massachusetts) 1 of 1
Country (United States) 5 of 8
Year (2014) 2 of 2
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-03 Calpine Six Southeast Power Plants

United States

Calpine Six Southeast Power Plants, comprises 3,498 MW of combined-cycle generation capacity in Oklahoma, Louisiana, Alabama, Florida and South Carolina.

Sell $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 Champion Energy Marketing

Houston, Texas, United States

Champion Energy Marketing LLC is a retail electric provider.

Buy $240M

Seller(S) 1

SELLER

Exelon

Chicago, Illinois, United States

website


Category Company
Founded 1999
Sector Utilities
Employees19,063
Revenue 19.1B USD (2022)
DESCRIPTION
Exelon's corporate headquarters in downtown Chicago, Illinois.
Exelon's corporate headquarters in downtown Chicago, Illinois.

Exelon is a competitive U.S. power energy provider. Company power generators, with approximately 35,000 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. Exelon was founded in 1999 and is based in Chicago, Illinois.


DEAL STATS #
Overall 4 of 6
Sector (Renewable Energy) 3 of 3
Type (Divestiture) 2 of 4
State (Massachusetts) 1 of 1
Country (United States) 4 of 6
Year (2014) 3 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-15 Safe Harbor Hydroelectric Facility

Pennsylvania, United States

Safe Harbor Hydroelectric Facility generates an average of 1,100 GWh annually and possesses storage capabilities that support daily operations and dispatch during peaking hours. It is one of the major conventional hydroelectric facilities in Pennsylvania-New Jersey-Maryland Interconnection.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-10 ETC ProLiance Energy

Indianapolis, Indiana, United States

ETC ProLiance Energy LLC manages a natural gas marketing company and provides natural gas supply and management services.

Buy -