M&A Deal Summary

CPS Energy Acquires Talen Energy - Natural Gas Plants in Corpus Christi and Laredo

On March 27, 2024, CPS Energy acquired energy services and equipment company Talen Energy - Natural Gas Plants in Corpus Christi and Laredo from Talen Energy for 785M USD

Acquisition Highlights
  • This is CPS Energy’s 2nd transaction in the Energy Services and Equipment sector.
  • This is CPS Energy’s largest (disclosed) transaction.
  • This is CPS Energy’s 2nd transaction in the United States.
  • This is CPS Energy’s 2nd transaction in Texas.

M&A Deal Summary
Date 2024-03-27
Target Talen Energy - Natural Gas Plants in Corpus Christi and Laredo
Sector Energy Services and Equipment
Buyer(s) CPS Energy
Sellers(s) Talen Energy
Deal Type Divestiture
Deal Value 785M USD

Target

Talen Energy - Natural Gas Plants in Corpus Christi and Laredo

Corpus Christi, Texas, United States
Talen Energy's Natural Gas Plants in Corpus Christi and Laredo is a 1,710-megawatt ("MW") generation portfolio located in the South Zone of the Electric Reliability Council of Texas ("ERCOT") market.

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Buyer(S) 1

Buyer

CPS Energy

San Antonio, Texas, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

CPS Energy is a provider of electricity and natural gas service.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 1 of 1
State (Texas) 2 of 2
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-12 Rio Nogales Power Project

Seguin, Texas, United States

Rio Nogales Power Project LP is a combined-cycle plant provides electric generating capacity to the Electric Reliability Council of Texas (ERCOT) market.

Buy -

Seller(S) 1

SELLER

Talen Energy

Allentown, Pennsylvania, United States
Category Company
Sector Utilities
Employees4,981
Revenue 4.5B USD (2015)
DESCRIPTION

Talen Energy is a competitive energy and power generation companies in the United States.

DEAL STATS #
Overall 11 of 11
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 11 of 11
State (Texas) 1 of 1
Country (United States) 11 of 11
Year (2024) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-02 Interstate Energy

Pottstown, Pennsylvania, United States

Interstate Energy Co. LLC owns and operates an existing 84-mile pipeline in southeastern Pennsylvania. Interstate Energy Co. is based in Pottstown, Pennsylvania.

Sell -
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