MergerLinks Header Logo

Announced

ArcLight to acquire PSEG's 6750MW generation portfolio for $1.92bn.

Synopsis

ArcLight Capital Partners, a private equity firm, agreed to acquire the 6750MW generation portfolio of Public Service Enterprise Group, a publicly traded diversified energy company, for $1.92bn. The transaction is expected to close late in the fourth quarter of 2021 or in the first quarter of 2022. The divestment is in line with PSEG's goal to realize a more predictable earnings profile, and help evolve toward a clean energy infrastructure-focused company that will enable its increasingly low-carbon economy.

Show Details & Financials

Did you work on this deal?

Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.

Sort

By continuing, you agree to our Terms & Conditions and our Data Privacy Policy

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US