Announced
Completed
Financials
Tags
Conventional Electricity
power generation
Acquisition
Majority
Private
Infrastructure
Friendly
Single Bidder
United States
Domestic
Completed
Synopsis
CPS Energy, a municipally owned natural gas and electric company, completed the acquisition of 1.7k MW generation portfolio from Talen Energy, a company that operates as an energy and power generation and marketing company in North America, for $785m. “This step marks CPS Energy’s growing role as a regional energy utility, providing additional resiliency and reliability for our customers. This acquisition adds critical capacity to our generation portfolio to continue to reliably serve one of the fastest-growing regions in the nation. Our customers will benefit from these investments for decades to come," Rudy Garza, CPS Energy President & CEO.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.