M&A Deal Summary |
|
|---|---|
| Date | 2021-10-06 |
| Target | Connecticut Municipal Electric Energy - AL Pierce Generation Facility |
| Sector | Utilities |
| Buyer(s) | Hull Street Energy |
| Sellers(s) | CMEEC |
| Deal Type | Divestiture |
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Hull Street Energy is a private investment firm focused on the energy sector. Hull Street Energy invests in middle-market power companies that are strategically positioned for growth as North American fuel supply, generation, transmission, and behind-the-meter assets transition to support a more sustainable future. Hull Street seeks controlling equity investments in middle market energy opportunities including operating gas fired power plants, operating and late stage development renewable projects, electricity transmission and distribution assets, and demand side resources such as grid optimization, distributed generation, and customer supply businesses. Hull Street Energy was formed in 2014 and is based in Bethesda, Maryland.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 13 |
| Sector (Utilities) | 2 of 3 |
| Type (Divestiture) | 8 of 8 |
| State (Connecticut) | 2 of 2 |
| Country (United States) | 9 of 13 |
| Year (2021) | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-10 |
Waterbury Generation Facility
Waterbury, Connecticut, United States Waterbury Generation Facility is in Waterbury, Connecticut, and provides 96 megawatts of flexible, fast-start natural gas power generation capacity to the New England region. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-04 |
Crockett Cogeneration
Crockett, California, United States Crockett Cogeneration is a 240 MW gas-fired cogeneration facility that sells capacity and energy to Pacific Gas and Electric Company and steam to C&H Sugar Company, Inc. pursuant to long-term contracts. Crockett Cogeneration was founded in 1996 and is based in Crockett, California. |
Buy | - |
CMEEC is responsible for the financing, acquisition, and construction of electric generation resources and the implementation of power supply contracts on behalf of its municipal electric utility members, which include Bozrah Light & Power, Jewett City Department of Public Utilities, Groton Utilities, Norwich Public Utilities, South Norwalk Electric and Water and The Third Taxing District of Norwalk Electric Division. CMEEC also supplies the wholesale power requirements of the Mohegan Tribal Utility Authority. CMEEC was founded in 1976 and is based in Norwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Utilities) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2021) | 1 of 1 |
