Texas natural gas portfolio — 1,710 MW: Barney Davis (897 MW), Nueces Bay (635 MW), Laredo (178 MW)
CPS Energy acquires three natural gas plants from Talen Energy in coastal Texas (Corpus Christi area + Laredo). Approved as part of CPS's generation plan to support ERCOT reliability and growing service territory. CPS becomes one of the largest publicly owned utilities by capacity.
$785M
Deal Value
1,710MW
Capacity
Natural Gas
Technology
TX
Location
Deal Details
- Deal Type
- Project & Portfolio M&A
- Seller / Sponsor
- Talen Energy
- Buyer / Financier
- CPS Energy (San Antonio municipal utility)
- Deal Value
- $785M
- Stage
- Operating
- ISO/RTO
- ERCOT
- Source
- POWER Magazine
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