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