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CPS Energy completes acquisition of Talen Energy's Gas Plants in Corpus Christi and Laredo

PRIVATEMay 01, 2024

Acquiring Company

CPS Energy

Acquired Company

Talen Energy

San AntonioHoustonEnergyEnergyRenewable EnergyBiomass Energy

Description

CPS Energy closed the acquisition of Talen Energy Corporation's 1,710-megawatt generation portfolio, including natural gas plants in Corpus Christi and Laredo, Texas. This strategic acquisition supports CPS Energy's generation plan and commitment to providing reliable and cost-effective power generation for the community's growing needs.

Quick answer

CPS Energy is acquiring Talen Energy, announced May 1, 2024. CPS Energy is based in San Antonio, Texas, United States.

How much did CPS Energy pay for Talen Energy?
The deal value was not disclosed.
What does CPS Energy do?
CPS Energy, established in 1860, is the nation’s largest public power, natural gas, and electric company.
Where are CPS Energy and Talen Energy based?
CPS Energy is based in San Antonio, Texas, United States. Talen Energy is based in Houston, Texas, United States.
Who are the decision-makers at CPS Energy?
Fundz holds 1 contact at CPS Energy. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

CPS Energy

Location

San Antonio, Texas, United States

About

CPS Energy, established in 1860, is the nation’s largest public power, natural gas, and electric company. We proudly provide safe, reliable, and competitively priced energy to more than 950,000 electric customers and 389,000 natural gas customers across San Antonio and seven surrounding counties. For 80 years, we have generated $9.6 billion in revenue for the City of San Antonio, while keeping our customers’ combined energy bills among the lowest in the nation’s 20 largest cities. As a trusted community partner, CPS Energy is deeply committed to job creation, economic development, and educational investment. Our skilled workforce drives these efforts, not only through professional expertise but also through volunteerism and programs that bring lasting value to our community. A leader in clean energy, CPS Energy ranks among the top public power wind energy buyers in the nation and is number one in Texas for solar generation. Together, we are building a sustainable, reliable, and affordable energy future for San Antonio and beyond.

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Frequently asked

Who acquired Talen Energy?

Talen Energy was acquired by CPS Energy, based in San Antonio. The deal was reported on May 1, 2024. CPS Energy, established in 1860, is the nation’s largest public power, natural gas, and electric company. CPS Energy is privately held and operates in Energy.

When did CPS Energy acquire Talen Energy?

CPS Energy's acquisition of Talen Energy was reported on May 1, 2024. CPS Energy closed the acquisition of Talen Energy Corporation's 1,710-megawatt generation portfolio, including natural gas plants in Corpus Christi and Laredo, Texas. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Talen Energy do?

Talen is an independent power producer that generates power through a diverse portfolio of well-developed, structured wholesale markets throughout the United States. It is publicly traded (TLN), operating in Energy, and is based in Houston.

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