M&A Deal Summary |
|
|---|---|
| Date | 2007-05-29 |
| Target | Tierra Energy - Wind Power Development Business |
| Sector | Renewable Energy |
| Buyer(s) | Duke Energy |
| Sellers(s) | Tierra Energy |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1904 |
| Sector | Energy Services and Equipment |
| Employees | 27,859 |
| Revenue | 29.1B USD (2023) |
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 | 3 of 12 |
| Sector (Renewable Energy) | 1 of 3 |
| Type (Divestiture) | 1 of 3 |
| State (Texas) | 1 of 1 |
| Country (United States) | 2 of 11 |
| Year (2007) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-01-01 |
Westcoast Energy
Vancouver, United Kingdom Westcoast Energy Inc. is a major Canadian corporation and a leader in the North American natural gas industry with interests in gas pipelines, processing, storage, distribution, power generation and gas services businesses. The company has assets of approximately $8 billion. |
Sell | - |
| 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 | - |
Tierra Energy is an aggregator of small gas-fired generation facilities. Tierra is developing the 115 megawatt Eastshore natural gas-fired peaking plant in California which was awarded a 20-year PPA with PG&E and is anticipated to come on-line in 2009.
| 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 (2007) | 1 of 1 |
