CPS Energy grows gas fleet in $785 million deal with Talen Energy

CPS Energy will soon add 1,710 megawatts of natural gas-fired generating capacity through a $785 million deal to acquire three plant sites in Laredo and Corpus Christi from Talen Energy. The deal includes two plants in Corpus Christi: Talen’s 897-megawatt Barney Davis Power Plant and its 635-megawatt Nueces Bay Power Plant. The city-owned utility is also acquiring a 178-megawatt plant in Laredo. The transaction is expected to close by the end of the second quarter.

asks ERCOT to approve shutdown of Braunig power units as clean energy transition rolls on The plants in Corpus Christi and Laredo are expected to be operational for the next 25 years, according to CPS. Together, they employ 65 people. CPS says the workers will have the option to become CPS employees after the deal closes.

Energy seeks pitches to add 500 MW from battery or other energy storage systems to portfolio Talen Energy owns and operates about 12.4 gigawatts of power infrastructure across the country. Its generation fleet is primarily located in the Mid-Atlantic, Texas and Montana. “This transaction demonstrates our continued commitment to unlocking significant value for Talen, while also taking care of our people,” Talen CEO Mac McFarland said in a statement.

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