M&A Deal Summary

Xcel Energy Acquires New Century Energies

On March 26, 1999, Xcel Energy acquired utilities company New Century Energies

Acquisition Highlights
  • This is Xcel Energy’s 2nd transaction in the Utilities sector.
  • This is Xcel Energy’s 2nd transaction in the United States.
  • This is Xcel Energy’s 1st transaction in Colorado.

M&A Deal Summary
Date 1999-03-26
Target New Century Energies
Sector Utilities
Buyer(s) Xcel Energy
Deal Type Merger

Target

New Century Energies

Denver, Colorado, United States
New Century Energies, Inc. provides purchasing, transportation, distribution and sale of natural gas and sale of electricity.

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Buyer(S) 1

Buyer

Xcel Energy

Minneapolis, Minnesota, United States
Category Company
Founded 1909
Sector Utilities
Employees11,311
Revenue 14.2B USD (2023)
DESCRIPTION

Xcel Energy is a U.S. electric and natural gas company. Based in Minneapolis, Minnesota, the company operates in eight states and provides a comprehensive portfolio of energy-related products and services to 3.4 million electricity customers and 1.9 million natural gas customers. Xcel Energy was founded in 1909 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 2 of 4
Sector (Utilities) 2 of 3
Type (Merger) 1 of 1
State (Colorado) 1 of 1
Country (United States) 2 of 4
Year (1999) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1989-01-01 NRG

Houston, Texas, United States

NRG is a wholesale power generation company. NRG engages in the ownership, development, construction, and operation of power generation facilities; the transacting in and trading of fuel and transportation services; and the trading of energy, capacity and related products in the US and select international markets. NRG was formed in 1989 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-30 NRG

Houston, Texas, United States

NRG is a wholesale power generation company. NRG engages in the ownership, development, construction, and operation of power generation facilities; the transacting in and trading of fuel and transportation services; and the trading of energy, capacity and related products in the US and select international markets. NRG was formed in 1989 and is based in Houston, Texas.

Sell -
Mergr

Product

Company

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