M&A Deal Summary

OGE Energy Acquires AES Corp - Shady Point

On December 20, 2018, OGE Energy acquired utilities company AES Corp - Shady Point from AES

Acquisition Highlights
  • This is OGE Energy’s 3rd transaction in the Utilities sector.
  • This is OGE Energy’s 4th transaction in the United States.
  • This is OGE Energy’s 4th transaction in Oklahoma.

M&A Deal Summary
Date 2018-12-20
Target AES Corp - Shady Point
Sector Utilities
Buyer(s) OGE Energy
Sellers(s) AES
Deal Type Divestiture

Target

AES Corp - Shady Point

Poteau, Oklahoma, United States
AES Corp - Shady Point is a coal- and natural gas-fired plant utilizing circulating fluidized bed boilers that produce lower emissions due to their design features and emissions controls.

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Buyer(S) 1

Buyer

OGE Energy

Oklahoma City, Oklahoma, United States
Category Company
Founded 1902
Sector Utilities
Employees2,360
Revenue 2.7B USD (2023)
DESCRIPTION

OGE Energy a regulated electric utility with more than 786,000 customers in a service area spanning 30,000 square miles in Oklahoma and western Arkansas. OGE Energy was founded in 1902 and is based in Oklahoma City, Oklahoma.

DEAL STATS #
Overall 4 of 4
Sector (Utilities) 3 of 3
Type (Divestiture) 2 of 2
State (Oklahoma) 4 of 4
Country (United States) 4 of 4
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 Oklahoma Cogeneration plant

Oklahoma, United States

Oklahoma Cogeneration plant is a natural gas-fired combined-cycle plant based in Oklahoma.

Buy -

Seller(S) 1

SELLER

AES

Arlington, Virginia, United States
Category Company
Founded 1981
Sector Utilities
Employees9,600
Revenue 12.7B USD (2023)
DESCRIPTION

AES is a power company that owns and operates a diverse and growing portfolio of electricity generation and distribution businesses, which provide reliable, affordable energy to customers in 21 countries. AES understands that a reliable, affordable supply of electricity is essential to human progress, economic growth, public health and security. AES was founded in 1981 and is based in Arlington, Virginia.

DEAL STATS #
Overall 11 of 12
Sector (Utilities) 4 of 4
Type (Divestiture) 8 of 8
State (Oklahoma) 1 of 1
Country (United States) 7 of 8
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-24 sPower

Salt Lake City, Utah, United States

sPower is an independent power producer (IPP) that owns and/or operates more than 150 utility and commercial distributed electrical generation systems across the U.S. and the UK. With 4.0 gigawatts between operating, construction and pipeline, sPower are actively buying select utility-scale renewable assets in virtually any stage of development in the United States. sPower is based in Salt Lake City, Utah.

Buy $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 sPower

Salt Lake City, Utah, United States

sPower is an independent power producer (IPP) that owns and/or operates more than 150 utility and commercial distributed electrical generation systems across the U.S. and the UK. With 4.0 gigawatts between operating, construction and pipeline, sPower are actively buying select utility-scale renewable assets in virtually any stage of development in the United States. sPower is based in Salt Lake City, Utah.

Sell -
Mergr

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