M&A Deal Summary

Los Angeles Department of Water and Power Power System Acquires Calpine Windy Point Wind Farm

On January 11, 2010, Los Angeles Department of Water and Power Power System acquired renewable energy company Calpine Windy Point Wind Farm from Calpine

Acquisition Highlights
  • This is Los Angeles Department of Water and Power Power System’s 1st transaction in the Renewable Energy sector.
  • This is Los Angeles Department of Water and Power Power System’s 1st transaction in the United States.
  • This is Los Angeles Department of Water and Power Power System’s 1st transaction in Washington.

M&A Deal Summary

Date 2010-01-11
Target Calpine Windy Point Wind Farm
Sector Renewable Energy
Buyer(s) Los Angeles Department of Water and Power Power System
Sellers(s) Calpine
Deal Type Divestiture

Target

Calpine Windy Point Wind Farm

Goldendale, Washington, United States
The Windy Point/Windy Flats project is located in Goldendale, Washington, along the Columbia River some 100 miles (160 km) east of Portland, Oregon, 70 miles (100 km) south of Yakima, Washington, and 100 miles (160 km) west of the Tri-Cities. The terrain is generally rolling with an elevation of 1,620 feet (494 m) at the airport.

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Buyer(S) 1

Buyer

Los Angeles Department of Water and Power Power System

Los Angeles, California, United States

Category Company
Founded 1999
Sector Utilities
DESCRIPTION

Los Angeles Department of Water and Power Power System, is engaged in Providing clean, reliable water and power and excellent customer service in a safe, environmentally responsible and cost-effective manner.


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 1 of 1

Seller(S) 1

SELLER

Calpine

Houston, Texas, United States

Category Company
Founded 1984
Sector Utilities
Employees2,209
Revenue 6.5B USD (2015)
DESCRIPTION

Calpine is a generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Calpine was founded in 1984 and is based in Houston, Texas.


DEAL STATS #
Overall 4 of 13
Sector: Renewable Energy M&A 2 of 8
Type: Divestiture M&A Deals 4 of 11
State: Washington M&A 1 of 1
Country: United States M&A 4 of 12
Year: 2010 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-22 Calpine - Oil & Gas Properties

United States

Calpine - Oil & Gas Properties operates low-carbon, natural gas-fueled, and renewable geothermal power plants.

Sell $97M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-21 Conectiv Energy Holding Co.

Newark,, Delaware, United States

Conectiv Energy Holding Company, LLC generates, sells, and market electricity and gas.

Buy $1.7B