M&A Deal Summary |
|
|---|---|
| Date | 2019-01-01 |
| Target | Gulf Power Co. |
| Sector | Utilities |
| Buyer(s) | XPLR Infrastructure |
| Sellers(s) | Southern |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 2014 |
| Sector | Utilities |
| Revenue | 1.2B USD (2024) |
XPLR Infrastructure acquires, manages, and owns contracted clean energy projects with stable, long-term cash flows. XPLR Infrastructure was founded in 2014 and is based in Juno Beach, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 4 |
| Sector: Utilities M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Florida M&A | 1 of 1 |
| Country: United States M&A | 2 of 4 |
| Year: 2019 M&A | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-02 |
NextEra Energy Partners - Canadian Renewable Portfolio
Juno Beach, Florida, United States NextEra Energy Partners LP - Canadian Renewable Portfolio includes the sale of six fully contracted wind and solar assets, with an average contract life of approximately 16 years and 10-year average CAFD of $38.4 million USD. Located in Ontario, the portfolio has a combined total generating capacity of approximately 396 megawatts (MW) and consists of: Bluewater, a 59.9-MW wind generating facility, ; Conestogo, a 22.9-MW wind generating facility, Jericho, a 149-MW wind generating facility, Summerhaven, a 124.4-MW wind generating facility, Moore, a 20-MW solar energy generating facility and Sombra, a 20-MW solar energy generating facility. |
Sell | $689M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-09-30 |
Meade Pipeline Co.
United States Meade Pipeline Co. LLC owns a 39.2% interest in the Central Penn Line, a 185-mile intrastate natural gas pipeline that is an integral part of a pipeline system regulated by the Federal Energy Regulatory Commission (FERC) that provides the Marcellus natural gas-producing region access to large demand centers in the mid-Atlantic and Southeastern regions of the U.S. |
Buy | $1.4B |
Southern is an energy company serving Southeast through its subsidiaries. A U.S. producer of clean, safe, reliable and affordable electricity, Southern 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 | 6 of 6 |
| Sector: Utilities M&A | 4 of 4 |
| Type: Divestiture M&A Deals | 5 of 5 |
| State: Florida M&A | 2 of 2 |
| Country: United States M&A | 6 of 6 |
| Year: 2019 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-06 |
Mankato Energy Center
Mankato, Minnesota, United States Mankato Energy Center LLC is a natural gas combined-cycle generation facility, will have a maximum capacity of approximately 760 megawatts upon completion of an ongoing expansion project. The completion of the sale, subject to regulatory approval and other closing conditions, is expected to be mid-2019. |
Sell | $650M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-05-21 |
Invenergy Renewables - Beech Ridge II Wind Facility
Greenbrier County, West Virginia, United States Invenergy Renewables LLC - Beech Ridge II Wind Facility is a 56-megawatt (MW) renewable project in the Mid-Atlantic region. The project was developed by Invenergy and utilizes 20 wind turbines manufactured by GE Renewable Energy. |
Buy | - |
