Power plant M&A in the second quarter continued a streak of heightened activity seen since the start of 2010.

Plants involved in second-quarter deals combined for an aggregate capacity of 27,629 MW fueled by multiple large utility deals.


The capacity of plants announced in deals for the period was on par with the quarterly average for 2010 but down significantly from the 45,753 MW dealt in first-quarter 2011 deals. The first quarter was dominated by the announcement of Duke Energy Corp.‘s planned merger with Progress Energy Inc., which involved roughly 50 power plants potentially creating the nation’s largest utility with more than 55,000 MW of capacity.

Overall, the second quarter saw 25 deals involving 105 plants against 28 deals involving 89 plants in the first quarter. The average size of plants in second-quarter deals was 263 MW, significantly lower than the average size of 514 MW from first-quarter deals, which included a significant amount of large baseload and combined-cycle capacity.

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Source: SNL Energy – Jesse Gilbert

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