Energy Capital Partners Acquire Odessa Gas-Fired Facility from PSEG - Entering the Growing Texas Power Markets - Deal Analysis from GlobalData

Date: July 1, 2011
Pages: 5
Price:
US$ 500.00
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Publisher: GlobalData
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: EA548CC0BF1EN
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Energy Capital Partners Acquire Odessa Gas-Fired Facility from PSEG - Entering the Growing Texas Power Markets - Deal Analysis from GlobalData
Energy Capital Partners Acquire Odessa Gas-Fired Facility from PSEG - Entering the Growing Texas Power Markets - Deal Analysis from GlobalData

Summary

Energy Capital Partners II, LP, through its subsidiary, Odessa Power LLC, completed the acquisition of Odessa gas-fired power plant, with a capacity of 1,000 MW, near Odessa, Texas, from PSEG Power LLC. The deal was announced on June 24, 2011 and has been completed on July 18, 2011 with the purchase of 100% equity stake in Odessa gas-fired capacity for $335m. The purchase represents Energy Capital Partners first direct ownership of a power plant in Texas. Through this acquisition, Energy Capital Partners have gained an entry into one of the most successful deregulated power markets of the US. Operating in competitive retail power markets provides immense lucrative business opportunities for new investors. Moreover, the growing power demand in the state of Texas has further captured the interest of a wide variety of stakeholders, including Energy Capital Partners II, LP

Scope
  • The information related to the acquisition of Odessa gas-fired power plant, with a capacity of 1,000 MW, near Odessa, Texas, by Odessa Power LLC (A subsidiary of Energy Capital Partners) from PSEG Power LLC
  • Comparison of similar deals
  • Key drivers of the deal
  • Rationale of the deal
  • A brief on Odessa Power, Energy Capital Partners, and PSEG Power

Reasons to buy

The Report allows the reader to -
  • Understand the reasons for the investment
  • Understand the response from the markets
  • Understand the impact of the deal on Energy Capital Partners
1 TABLE OF CONTENTS

1.1 List of Tables
1.2 List of Figures

2 SUMMARY

3 ENERGY CAPITAL PARTNERS ACQUIRE ODESSA GAS-FIRED FACILITY FROM PSEG -ENTERING THE GROWING TEXAS POWER MARKETS

3.1 Deal Overview
3.2 Deal in Brief
3.3 Comparable Deals
3.4 Key Drivers of the Deal
  3.4.1 Energy Capital Partners Seeking Benefits of the Competitive Retail Power Markets in Texas
  3.4.2 Growing Power Demand and Policy Push for Cleaner Power Generating Options
  3.4.3 Availability of Unconventional Gas Resources in Texas to Boost the Gas-Fired Generation
3.5 Deal Rationale
3.6 About the Companies
  3.6.1 Energy Capital Partners
  3.6.2 PSEG

4 APPENDIX

4.1 Abbreviations
4.2 Methodology
  4.2.1 Coverage
  4.2.2 Secondary Research
  4.2.3 Primary Research
  4.2.4 Modeling and Forecasting
4.3 Contact Us
4.4 Disclaimer 5

LIST OF TABLES

Table 1: Comparable Deals
Table 2: Abbreviations 4

LIST OF FIGURES

Figure 1: Cumulative Gas Power Capacity for Power Generation in Texas, the US, 2000-2020 3

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