M&A Deal Summary

Wisconsin Power and Light Acquires Riverside Energy Center

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

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

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) 1 of 1
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Calpine

Houston, Texas, United States

website


Category Company
Founded 1984
Sector Utilities
Employees2,209
Revenue 6.5B USD (2015)
DESCRIPTION

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

South Carolina, United States

Broad River Energy Center is an 847 megawatt simple-cycle, natural gas-fired power plant.

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