M&A Deal Summary

TC Energy Acquires El Paso - 300 MW U.S. Power Plant

On September 13, 2002, TC Energy acquired utilities company El Paso - 300 MW U.S. Power Plant from El Paso for 127M USD

Acquisition Highlights
  • This is TC Energy’s 2nd transaction in the Utilities sector.
  • This is TC Energy’s 6th largest (disclosed) transaction.
  • This is TC Energy’s 2nd transaction in the United States.

M&A Deal Summary
Date 2002-09-13
Target El Paso - 300 MW U.S. Power Plant
Sector Utilities
Buyer(s) TC Energy
Sellers(s) El Paso
Deal Type Divestiture
Deal Value 127M USD

Target

El Paso - 300 MW U.S. Power Plant

United States
El Paso Corp. - 300 MW U.S. Power Plant is a provider of utilities services.

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Buyer(S) 1

Buyer

TC Energy

Calgary, Alberta, Canada
Category Company
Founded 1951
Sector Energy Services and Equipment
Employees7,000
Revenue 15.9B CAD (2023)
DESCRIPTION

TC Energy is a provider of energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities. TC Energy was incorporated in 1951 and is based in Calgary, Alberta.

DEAL STATS #
Overall 3 of 12
Sector (Utilities) 2 of 3
Type (Divestiture) 3 of 8
Country (United States) 2 of 10
Year (2002) 1 of 1
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-05 AltaGas Services

Canada

AltaGas Services, Inc. is a provider of gas services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 USGen New England - Hydroelectric Generation Assets

United States

USGen New England - Hydroelectric Generation Assets is a provider of natural gas transmission and power services.

Buy $505M

Seller(S) 1

SELLER

El Paso

Houston, Texas, United States
Category Company
Founded 1928
Sector Oil/Gas Exploration
DESCRIPTION

El Paso Corporation is a processes, stores, and transmits natural gas and natural gas liquids. The Company was formed in 1928.

DEAL STATS #
Overall 1 of 2
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 2
Year (2002) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Alpheus Communications

Houston, Texas, United States

Alpheus Communications LLC is a provider of high bandwidth transport, Direct Internet Access (DIA) and data center services for carrier, government and enterprise customers. With owned facilities in Dallas-Fort Worth, Houston, San Antonio, Austin, Corpus Christi and the Rio Grande Valley, Alpheus is flexible, content-neutral and responsive to customer needs when low-latency and uptime are essential. As the preferred fiber backbone for Metro Texas, Alpheus is in a unique position to support mission-critical information technology functions and cloud computing solutions through resilient SAS 70-compliant data center platforms for colocation and disaster recovery. Alpheus Communications was founded in 2000 and is based in Houston, Texas.

Buy -
Mergr

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