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Southwest Generation Operating Company

Company Summary

Description

Southwest Generation is a rapidly growing privately held energy company based in Denver, Colorado, that is building a diversified portfolio of natural gas-fired power generation assets. Southwest Generation employs a strategy of improving operational efficiency, reducing costs and increasing the overall value of power generation assets. Our clean, efficient gas-fired generation assets are flexible and responsive to the integration of wind and solar generation resources, providing reliable regulation for renewable technologies. Southwest Generation has facilities located in California, New Mexico and Colorado.

Website

http://www.southwestgen.com/about-us/

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Recent news

  • 4/8/2020 - Xcel Energy Divesting... (subscriber access)
  • 12/17/2018 - TransCanada Sells... (subscriber access)

Company Transactions

Date: 4/8/2020
Type: Acquisition

BUYERS:
  • Southwest Generation Operating Company
    • SELLERS:
  • Xcel Energy Inc.
    • DETAILS:

    COST: 680 $MM

    VOLUMES: 820 MW

    NOTES:
    Xcel Energy has opted to sell of the 720-MW Mankato Energy Center three months after purchasing the Minnesota plant. Investors preferred Xcel remain a wholly regulated firm, prompting the company to sell the plant to Southwest Generation for $680 million.
    REGIONS:
  • Midwest