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M&A Deal Summary

LS Power Development Acquires Calpine Six Southeast Power Plants

On July 3, 2014, LS Power Development acquired renewable energy company Calpine Six Southeast Power Plants from Calpine for 1.6B USD

Acquisition Highlights
  • This is LS Power Development’s 1st transaction in the Renewable Energy sector.
  • This is LS Power Development’s largest (disclosed) transaction.
  • This is LS Power Development’s 2nd transaction in the United States.

M&A Deal Summary
Date 2014-07-03
Target Calpine Six Southeast Power Plants
Sector Renewable Energy
Buyer(s) LS Power Development
Sellers(s) Calpine
Deal Type Divestiture
Deal Value 1.6B USD

Target

Calpine Six Southeast Power Plants

United States
Calpine Six Southeast Power Plants, comprises 3,498 MW of combined-cycle generation capacity in Oklahoma, Louisiana, Alabama, Florida and South Carolina.

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Buyer(S) 1

Buyer

LS Power Development

New York,, New York, United States
Category Company
Founded 1990
Sector Renewable Energy
DESCRIPTION

LS Power is an employee-owned, independent power company.We are a developer, owner, operator and investor in power generation and electric transmission infrastructure throughout the United States.We have developed, constructed, managed or acquired more than 32,000 MW of competitive power generation and 470 miles of transmission infrastructure.

DEAL STATS #
Overall 2 of 12
Sector: Renewable Energy M&A 1 of 4
Type: Divestiture M&A Deals 1 of 6
Country: United States M&A 2 of 11
Year: 2014 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-31 Columbia Solar Energy 19 MW PV

United States

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-19 Allegheny Energy Supply Co.

Greensburg, Pennsylvania, United States

Allegheny Energy Supply Co. LLC is a provider of renewable energy services in US.

Buy -

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 11 of 13
Sector: Renewable Energy M&A 6 of 8
Type: Divestiture M&A Deals 9 of 11
Country: United States M&A 10 of 12
Year: 2014 M&A 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-27 Guadalupe Power Plant

Guadalupe County, Texas, United States

Guadalupe Power Plant, a natural gas-fired, combined-cycle power plant located in Guadalupe County, 30 miles northeast of San Antonio, Texas, in ERCOT’s south zone. The plant which has a nameplate generating capacity of 1,050 megawatts.

Buy $625M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-07 Exelon -Fore River Energy Center

North Weymouth, Massachusetts, United States

Exelon - Fore River Energy Center natural gas-fired, combined-cycle power plant, which has a nameplate generating capacity of 809 megawatts.

Buy $530M
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