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Salt River Project

Company Summary

Description

SRP is the oldest multipurpose federal reclamation project in the United States. We have been serving central Arizona since 1903, nearly 10 years before Arizona became the 48th state. Today the SRP power district is one of the nation's largest public power utilities. We provide electricity to approximately 1 million retail customers in a 2,900-square-mile service area that spans three Arizona counties, including most of the metropolitan Phoenix area (known as the Valley). We are an integrated utility, providing generation, transmission and distribution services, as well as metering and billing services.

Website

http://www.srpnet.com/about/Facts.aspx

Related Entities

Recent news

  • 7/31/2023 - SRP and Clēnera Sign... (subscriber access)
  • 9/25/2020 - Salt River Power &... (subscriber access)
  • 11/20/2019 - Navajo Power Plant Gets... (subscriber access)
  • 5/6/2019 - TransCanada Selling... (subscriber access)
  • 5/31/2018 - Salt River & AES Launch... (subscriber access)

Company Transactions

Date: 6/30/2019
Type: Acquisition

BUYERS:
  • Salt River Project
    • SELLERS:
  • TC Energy Corporation
    • ASSETS:
  • Coolidge Generation Station
    • DETAILS:

    COST: 465 $MM

    VOLUMES: 575 MW

    NOTES:
    TransCanada reported that in March 2019 they cancelled the agreement with SWG Coolidge Holdings to divest the Coolidge Generating Station while simultaneously entering into a deal with Salt River Project Agriculture Improvement and Power District to sell the facility for $465 million.