M&A Deal Summary

American Transmission and Duke Energy Acquire Duke-American Transmission

On January 1, 2011, American Transmission and Duke Energy acquired utilities company Duke-American Transmission

Acquisition Highlights
  • This is American Transmission’s 1st and Duke Energy’s 1st transaction in the Utilities sector.
  • This is American Transmission’s 1st and Duke Energy’s 4th transaction in the United States.
  • This is American Transmission’s 1st and Duke Energy’s 2nd transaction in North Carolina.

M&A Deal Summary
Date 2011-01-01
Target Duke-American Transmission
Sector Utilities
Buyer(s) American Transmission
Duke Energy
Deal Type Joint Venture

Target

Duke-American Transmission

Charlotte, North Carolina, United States
Duke-American Transmission Co. build, own and operate new electric transmission facilities throughout North America. Company Improves electric system reliability and Increases grid efficiency, thus reducing energy delivery costs and Improves access to the wholesale electricity market for local distribution companies, which can pass savings on to electric consumers.

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Buyer(S) 2

Buyer

American Transmission

Waukesha, Wisconsin, United States
Category Company
Founded 2001
Sector Utilities
DESCRIPTION

American Transmission Co. owns and operates high-voltage electric transmission systems that provide the pathway for power into communities. American Transmission Co. was founded in 2001, as the first multi-state, transmission-only utility in the United States. Unlike most other utilities, Company have a single focus: transmission. Company transmission system allows energy producers to transport electric power from where it’s generated to where it’s needed. It’s similar to the interstate highway system, with high-voltage electricity traveling on the transmission system wires like vehicles on the highway.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Joint Venture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Buyer

Duke Energy

Charlotte, North Carolina, United States
Category Company
Founded 1904
Sector Energy Services and Equipment
Employees27,859
Revenue 29.1B USD (2023)
DESCRIPTION

Duke Energy is an electric power holding companies in the United States. Its regulated utility operations serve approximately 4 million customers located in five states in the Southeast and Midwest, representing a population of approximately 11 million people. Its commercial power and international business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States. Duke Energy was incorporated in 1904 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 5 of 12
Sector (Utilities) 1 of 2
Type (Joint Venture) 2 of 2
State (North Carolina) 2 of 4
Country (United States) 4 of 11
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-21 DukeNet Communications

Charlotte, North Carolina, United States

DukeNet, based in Charlotte, N.C., is a regional fiber optic network company serving customers in North Carolina and South Carolina, as well as five other states in the Southeast. With a fiber optic network of over 8,700 miles, DukeNet provides data and high-capacity bandwidth services to wireless carrier, data center, government, and enterprise customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Cimarron 2 Wind Project

United States

Buy -
Mergr

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