M&A Deal Summary

Wisconsin Power and Light Co. Acquires Riverside Energy Center

On January 2, 2013, Wisconsin Power and Light Co. acquired utilities company Riverside Energy Center from Calpine for 400M USD

Acquisition Highlights
  • This is Wisconsin Power and Light Co.’s 1st transaction in the Utilities sector.
  • This is Wisconsin Power and Light Co.’s largest (disclosed) transaction.
  • This is Wisconsin Power and Light Co.’s 1st transaction in the United States.
  • This is Wisconsin Power and Light Co.’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2013-01-02
Target Riverside Energy Center
Sector Utilities
Buyer(s) Wisconsin Power and Light Co.
Sellers(s) Calpine
Deal Type Divestiture
Deal Value 400M USD

Target

Riverside Energy Center

Beloit, Wisconsin, United States
The Riverside Energy Center is a 600MW combined cycle natural gas-fired electric generating facility located in Beloit, Wisconsin.

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Buyer(S) 1

Buyer

Wisconsin Power and Light Co.

Madison,, Wisconsin, United States

Category Company
Founded 1917
Sector Utilities
Employees1,391
DESCRIPTION

Wisconsin Power and Light Company generates and distributes electricity in southern and central Wisconsin.


DEAL STATS #
Overall 1 of 1
Sector: Utilities M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Wisconsin M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1
Size (of disclosed) 1 of 1

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 10 of 13
Sector: Utilities M&A 3 of 3
Type: Divestiture M&A Deals 8 of 11
State: Wisconsin M&A 1 of 1
Country: United States M&A 9 of 12
Year: 2013 M&A 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-27 Broad River Energy Center

Gaffney, South Carolina, United States

Broad River Energy Center is an 870 megawatt simple-cycle, natural gas-fired power plant. Broad River Energy Center was founded in 2000 and is based in Gaffney, South Carolina.

Sell $427M
FOLLOWING 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