M&A Deal Summary

Aquila Acquires Calpine Corp - Aries Power Plant

On December 5, 2006, Aquila acquired energy services and equipment company Calpine Corp - Aries Power Plant from Calpine

Acquisition Highlights
  • This is Aquila’s 1st transaction in the Energy Services and Equipment sector.
  • This is Aquila’s 2nd transaction in the United States.
  • This is Aquila’s 1st transaction in Montana.

M&A Deal Summary

Date 2006-12-05
Target Calpine Corp - Aries Power Plant
Sector Energy Services and Equipment
Buyer(s) Aquila
Sellers(s) Calpine
Deal Type Divestiture

Target

Calpine Corp - Aries Power Plant

Pleasant Hill, Montana, United States
Calpine Corp - Aries Power Plant is a 580-megawatt, natural gas-fired power plant.

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Buyer(S) 1

Buyer

Aquila

Kansas City, Montana, United States

Category Company
Sector Energy Services and Equipment
Employees1,045
DESCRIPTION

Aquila, Inc. is a provider of energy services.


DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Montana) 1 of 1
Country (United States) 2 of 2
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-29 St. Joseph Light & Power

St Joseph, Missouri, United States

St. Joseph Light & Power Company was engaged in the generation, transmission, and distribution of electric energy to customers in its 10 county services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-07 Aquila Networks-WPC.

Pueblo, Colorado, United States

Aquila Networks-WPC, consisting of the 340-megawatt Crossroads power generating facility and residual natural gas contracts.

Sell $940M

Seller(S) 1

SELLER

Calpine

Houston, Texas, United States

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 1 of 13
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 11
State (Montana) 1 of 1
Country (United States) 1 of 12
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-26 The Hillabee Project

Alexander City, Alabama, United States

The Hillabee Project is designed to be a clean and highly efficient 774-megawatt combined-cycle generating facility driven by two Siemens-Westinghouse 501G combustion turbines.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-06 The Hillabee Project

Alexander City, Alabama, United States

The Hillabee Project is designed to be a clean and highly efficient 774-megawatt combined-cycle generating facility driven by two Siemens-Westinghouse 501G combustion turbines.

Sell $155M