Investment Summary

Liberty Energy Utilities Co. Invests In California Pacific Electric Co.

On December 21, 2012, Liberty Energy Utilities Co. invested in utilities company California Pacific Electric Co. from Emera for 39M USD

Investment Highlights
  • This is Liberty Energy Utilities Co.’s 2nd transaction in the Utilities sector.
  • This is Liberty Energy Utilities Co.’s 2nd largest (disclosed) transaction.
  • This is Liberty Energy Utilities Co.’s 2nd transaction in the United States.
  • This is Liberty Energy Utilities Co.’s 1st transaction in California.

Investment Summary

Date 2012-12-21
Target California Pacific Electric Co.
Sector Utilities
Investor(s) Liberty Energy Utilities Co.
Sellers(s) Emera
Deal Type Stake Purchase
Deal Value 39M USD

Target

California Pacific Electric Co.

South Lake Tahoe, California, United States
California Pacific Electric Co. provides water, natural gas, and electric transmission and distribution services.

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Investor(S) 1

Investor

Liberty Energy Utilities Co.

Tahoe Vista, California, United States

Category Company
Sector Utilities
DESCRIPTION

Liberty Energy Utilities Co. provides local electrical distribution utility services.


DEAL STATS #
Overall 2 of 4
Sector: Utilities M&A 2 of 4
Type: Stake Purchase M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 2 of 4
Year: 2012 M&A 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-03 Granite State Electric Co.

Salem, New Hampshire, United States

Granite State Electric Co.provides electric retail distribution for approximately 43,000 customers in 21 countries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-01 United Water Arkansas

Pine Bluff, Arkansas, United States

United Water Arkansas Inc.provide comprehensive, sustainable water and wastewater management solutions that promote public, economic, and environmental health.

Buy $28M

Seller(S) 1

SELLER

Emera

Halifax, Nova Scotia, Canada

Category Company
Founded 1998
Sector Utilities
Employees7,605
Revenue 7.2B CAD (2024)
DESCRIPTION

Emera is a geographically diverse energy and services company. The company invests in electricity generation, transmission, and distribution, as well as gas transmission and utility energy services. Emera was founded in 1998 and is based in Halifax, Nova Scotia.


DEAL STATS #
Overall 1 of 4
Sector: Utilities M&A 1 of 4
Type: Stake Purchase M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 4
Year: 2012 M&A 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-19 New England Independent System Operator

United States

Tiverton and Rumford are both natural gas-fired combined cycle plants, each with a nominal capacity of 265 MW. Tiverton and Rumford have winter generation capacities of 279 MW and 270 MW, respectively with a combined maximum capacity of 549 MW.

Buy $541M