M&A Deal Summary

PPL Generation Acquires AES Prescot

On February 23, 2012, PPL Generation acquired utilities company AES Prescot from AES

Acquisition Highlights
  • This is PPL Generation’s 2nd transaction in the Utilities sector.
  • This is PPL Generation’s 2nd transaction in the United States.
  • This is PPL Generation’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2012-02-23
Target AES Prescot
Sector Utilities
Buyer(s) PPL Generation
Sellers(s) AES
Deal Type Divestiture

Target

AES Prescot

Lebanon, Pennsylvania, United States
AES Prescot LLC operate the 705-megawatt AES Ironwood combined-cycle natural gas-fired power plant

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Buyer(S) 1

Buyer

PPL Generation

Allentown, Pennsylvania, United States
Category Company
Founded 1999
Sector Utilities
DESCRIPTION

PPL Generation LLC is a subsidiary of PPL. A provider of utility services.

DEAL STATS #
Overall 2 of 2
Sector (Utilities) 2 of 2
Type (Divestiture) 2 of 2
State (Pennsylvania) 2 of 2
Country (United States) 2 of 2
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-23 AES Ironwood

Lebanon, Pennsylvania, United States

AES Ironwood LLC a subsidiary of The AES Corp.

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 6 of 12
Sector (Utilities) 2 of 4
Type (Divestiture) 3 of 8
State (Pennsylvania) 2 of 3
Country (United States) 3 of 8
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-23 AES Ironwood

Lebanon, Pennsylvania, United States

AES Ironwood LLC a subsidiary of The AES Corp.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-31 AES - Wind Farms

United States

AES - Wind Farms, operates wind energy projects.

Sell $27M
Mergr

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