# 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.

- Type: Acquisition
- Announced: 2025-09-15
- Where: Harris, Brazoria, and Galveston Counties, Texas, United States
- Value: $1.39B
- Status: announced
- Capacity: 1,632 MW
- Products: natural gas power generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [PROENERGY](https://endata.com/companies/44256.md) (target)
- [CPS Energy](https://endata.com/companies/87554.md) (acquirer)

## Sources

- [ecpgp.com](https://www.ecpgp.com/about/news-and-insights/press-releases/2025/cps-energy-enters-agreement-with-proenergy-to-acquire-1-632-mega), 2025-09-16: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.