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) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2010) 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 Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Company fleet of 80 power plants in operation or under construction represents approximately 26,000 megawatts of generation capacity. Through wholesale power operations and retail businesses Calpine Energy Solutions and Champion Energy, Company serve customers in 25 states, Canada and Mexico. Calpine clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. Company are uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid.

DEAL STATS #
Overall 4 of 13
Sector (Renewable Energy) 2 of 8
Type (Divestiture) 4 of 11
State (Washington) 1 of 1
Country (United States) 4 of 12
Year (2010) 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

Newark,, Delaware, United States

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

Buy $1.7B
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