CPS Energy to acquire 1.6 GW of gas-fired plants from PROENERGY for $1.4B

CPS Energy has signed a definitive agreement to acquire four natural gas power generation facilities totaling 1,632 MW from PROENERGY for $1.387 billion. The assets are located in Harris, Brazoria, and Galveston Counties, Texas, and the transaction is expected to close in Q3 2025.

“CPS Energy and PROENERGY entered into a definitive agreement under which CPS Energy has agreed to acquire four natural gas power generation facilities with an aggregate electric capacity totaling 1,632-megawatts for $1.387 billion.”ecpgp.com

• 1 source
• ecpgp.comPROENERGY Signs Definitive Agreement to Sell 1.6 GW of Gas-Fired Combustion Turbines to CPS Energy for ~$1.4 Billion | Energy Capital Partners I ECPSep 16, 2025

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