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CPS Energy To Acquire 1,632 MW Portfolio Of Gas-Fired Power Plants In ERCOT
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CPS Energy and PROENERGY have entered into a definitive agreement under which CPS Energy has agreed to acquire four natural gas power generation facilities in ERCOT with an aggregate electric capacity totaling 1,632-megawatts ("MW") for $1.387 billion, subject to standard net working capital adjustments.
The transaction is expected to close in the third quarter of 2025.
CPS Energy said, "Located in the Electric Reliability Council of Texas ('ERCOT') market, the acquired assets include state-of-the-art, recently constructed peaking natural gas plants in Harris, Brazoria, and Galveston Counties. The acquired assets are dual-fuel capable, providing CPS Energy future optionality to transition to a hydrogen fuel blend that would enable reduced carbon emissions."
CPS Energy said, "Pursuing unique opportunities, such as acquiring these new operating assets in ERCOT, presents a lower cost and lower supply chain risk alternative to building new power facilities, and supports CPS Energy's long-term objectives of providing reliable, affordable, and cleaner energy to its customers and community."
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September 16, 2025
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Copyright 2025 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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