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

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 2nd 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 3
Sector: Energy Services and Equipment M&A 2 of 3
Type: Divestiture M&A Deals 1 of 2
State: Texas M&A 2 of 3
Country: United States M&A 2 of 3
Year: 2024 M&A 1 of 1
Size (of disclosed) 2 of 2
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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-15 ProEnergy Services Power Generation Portfolio

San Antonio, Texas, United States

ProEnergy Services' Power Generation Portfolio includes four natural gas power generation facilities with an aggregate electric capacity of approximately 1,632 megawatts, which are based in San Antonio, Texas.

Buy $1.4B

Seller(S) 1

SELLER

Talen Energy

Allentown, Pennsylvania, United States
Category Company
Founded 2000
Sector Utilities
Employees4,981
Revenue 4.5B USD (2015)
DESCRIPTION

Talen Energy is a competitive energy and power generation companies. Talen Energy was founded in 2000 and is based in Allentown, Pennsylvania.

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

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 -
Mergr

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