M&A Deal Summary

Calpine Acquires Bosque Power Plant

On November 7, 2012, Calpine acquired renewable energy company Bosque Power Plant from Bosque Power for 432M USD

Acquisition Highlights
  • This is Calpine’s 3rd transaction in the Renewable Energy sector.
  • This is Calpine’s 6th largest (disclosed) transaction.
  • This is Calpine’s 3rd transaction in the United States.
  • This is Calpine’s 1st transaction in Texas.

M&A Deal Summary
Date 2012-11-07
Target Bosque Power Plant
Sector Renewable Energy
Buyer(s) Calpine
Sellers(s) Bosque Power
Deal Type Divestiture
Deal Value 432M USD

Target

Bosque Power Plant

Texas, United States
Bosque Power Plant, which has generating capacity of 800 megawatts. Bosque Power Plant comprises a 250-megawatt block with one natural-gas turbine, one heat-recovery steam generator and one steam turbine and a 550-megawatt block with two natural-gas turbines.

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Buyer(S) 1

Buyer

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 4 of 9
Sector (Renewable Energy) 3 of 6
Type (Divestiture) 2 of 6
State (Texas) 1 of 3
Country (United States) 3 of 8
Year (2012) 1 of 1
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-26 Greenfield Energy Centre

Toronto, Ontario, Canada

Greenfield Energy Centre is a natural gas-fired combined-cycle electric generating facility with a capacity of approximately 300 MW located in St. Clair Township, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-27 Calpine Power - Broad River Energy Center

South Carolina, United States

Broad River Energy Center is an 847 megawatt simple-cycle, natural gas-fired power plant.

Sell $427M

Seller(S) 1

SELLER

Bosque Power

Aquilla,, Texas, United States
Category Company
Founded 1999
Sector Utilities
DESCRIPTION

Bosque Power Company, LLC, of a natural gas-fired, combined-cycle power plant. Bosque is a modern combined-cycle plant making.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
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