PricewaterhouseCoopers released a new report on North American power deals in Q3 2012, and their list includes six big transactions that topped out over the $50 million mark.
Utilities, alternative energy producers and retail market names were all involved in these deals, as assets changed hands and mergers moved forward. According to the report, the quarter saw more deals announced at $50 million or greater than any other since Q3 2011.
Here's a look at who was involved with the deal in ascending order:
6. KANSAS CITY BOARD OF PUBLIC UTILITIES & DOGWOOD ENERGY LLC
Deal Value: $65 million
Details: The U.S. Department of Energy's Federal Energy Regulatory Commission authorized Dogwood Energy to sell interests to the Kansas City Board of Public Utilities in a combined cycle natural gas-fired power plant for $65 million.
5. INNERGEX & HYDROMEGA
Deal Value: $82 million
Details: Innergex Renewable Energy finished an agreement to acquire a 70% interest in Hydromega Services' Magpie hydroelectric facility in northeastern Quebec, Canada, in a deal worth $82 million. As part of the deal, Innergex signed a letter of intent to acquire six other hydroelectric facilities and projects from Hydromega.
4. DIRECT ENERGY SERVICES LLC & ENERGETIX INC.
Deal Value: $110 million
Details: Direct Energy, a subsidiary of Centrica, acquired Energetix and NYSEG Solutions, electricity retailers and natural gas providers out of Rochester and Binghamton, N.Y., for a total of $110 million.
3. SPROTT POWER CORP. & SHEAR WIND INC.
Deal Value: $135 million
Details: Sprott Power, a renewable energy developer, acquired Shear Wind, a wind energy generator, in a deal worth a total of $135 million. Sprott purchased Shear Wind's wind projects for $33 million and planned to purchase all of its shares for an estimated $79 million.
2. RAVEN POWER HOLDINGS LLC & EXELON (MARYLAND CLEAN COAL)
Deal Value: $400 million
Details: Raven Power Holdings agreed to buy Maryland Clean Coal, three coal-fired plants, from Exelon in a deal worth $400 million. The sale was required by the U.S. Department of Justice and the Federal Energy Regulatory Commission after Exelon's merger with Constellation Energy.
1. NRG ENERY INC. & GENON ENERGY INC.
Deal Value: $4.164 billion
Details: NRG Energy acquired GenOn Energy in a total deal valued at $4.164 billion. Both sets of shareholders authorized the deal, pending approval from Federal Energy Regulatory Commission and the New York Public Service Commission, to create the country's largest energy generation company.
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