M&A Deal Summary |
|
|---|---|
| Date | 2016-09-01 |
| Target | Calpine - Mankato Power Plant |
| Sector | Renewable Energy |
| Buyer(s) | Southern |
| Sellers(s) | Calpine |
| Deal Type | Divestiture |
| Deal Value | 396M USD |
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Southern is a premier energy company serving the Southeast through its subsidiaries. A U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern was founded in 1945 and is based in Atlanta, Georgia.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 5 |
| Sector (Renewable Energy) | 2 of 3 |
| Type (Divestiture) | 2 of 3 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 4 of 5 |
| Year (2016) | 2 of 2 |
| Size (of disclosed) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-02-24 |
PowerSecure International
Wake Forest, North Carolina, United States PowerSecure International, Inc. is a provider of utility and energy technologies to electric utilities and their industrial, institutional, and commercial customers. PowerSecure provides products and services in the areas of Interactive Distributed Generation ® (IDG®), energy efficiency and utility infrastructure. |
Buy | $431M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-16 |
Elizabethtown Gas
Union, New Jersey, United States Elizabethtown Gas is a provider of natural gas for 283,000 residential, business and industrial natural gas customers in New Jersey. |
Sell | - |
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 | 12 of 13 |
| Sector (Renewable Energy) | 7 of 8 |
| Type (Divestiture) | 10 of 11 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 11 of 12 |
| Year (2016) | 1 of 1 |
| Size (of disclosed) | 4 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-10-13 |
Granite Ridge Energy Center
Londonderry, New Hampshire, United States Granite Ridge Energy Center is a 745 megawatt, combined-cycle, gas-fired power plant is located in Londonderry, New Hampshire, approximately 45 miles northwest of Boston. |
Buy | $500M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-10-09 |
Noble Americas Energy Solutions
San Diego, California, United States Noble Americas Energy Solutions LLC is an independent supplier of power to commercial and industrial retail customers. |
Buy | $1.1B |
