Calpine, Oncor Find Buyers Amid Ongoing Power-Sector Consolidation

摘要

North American utilities and power generators have been consolidating for years, but never have so many been so interested in Texas assets as in the past two weeks—and so willing to pay so much money. First, investment firm Energy Capital Partners bid for independent power producer Calpine in a transaction worth $ 17 billion: $5.6 billion for Calpine's publicly traded shares and more than $11 billion in debt assumption.