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Mergers & Acquisitions

Issue 9 and Volume 109.

Moore Industries-International will acquire the line of FOUNDATION Fieldbus/PROFIBUS PA device couplers and fieldbus power supplies from Hawke International.

El Paso Corporation has agreed to sell power plants in Pakistan, Indonesia, Bangladesh, and the Philippines to a subsidiary of Globeleq Ltd. for approximately $109 million. El Paso has now contracted or sold all but one of its Asian power plants.

Connell Limited Partnership has agreed to purchase ALSTOM’s North American condenser business. ALSTOM will retain condenser technology and manufacturing capability currently located outside North America.

Sempra Generation, a subsidiary of Sempra Energy, has completed the purchase of Reliant Energy’s 50 percent interest in the 480 MW El Dorado Energy combined-cycle plant in Boulder City, Nev., giving Sempra complete ownership. Transaction value, including project debt, was approximately $132 million, including a cash payment to Reliant of approximately $76 million.

Calpine has completed the sale of its interest in the 156 MW Morris Power Plant in Morris, Il. to Diamond Generating Corporation, a subsidiary of Mitsubishi Corporation, for approximately $84.5 million. Calpine has also agreed to sell its 550 MW Ontelaunee Energy Center in Pennsylvania to LS Power Equity Partners for $225 million.

AEP subsidiary Appalachian Power has agreed to purchase the Ceredo Generating Station from a subsidiary of Reliant Energy for approximately $100 million.