# Xcel Energy subsidiary agrees to buy Mankato Energy Center for $650M

NSP-Minnesota, a subsidiary of Xcel Energy, agreed to purchase Mankato Energy Center I and II from Southern Power Company for approximately $650 million. The acquisition is subject to regulatory approvals and expected to close in mid-2019.

- Type: Acquisition
- Announced: 2018-11-05
- Where: Mankato, Minnesota, United States
- Value: $650.0M
- Status: announced
- Products: electricity generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Southern Power](https://endata.com/companies/25372.md) (partner)
- [Xcel Energy](https://endata.com/companies/32627.md) (acquirer)
- [Northern States Power Company](https://endata.com/companies/35351.md) (acquirer)
- [Mankato Energy Center](https://endata.com/companies/35352.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/72903/000007290318000058/mankato2018.htm), 2018-11-06: "NSP-Minnesota, a Minnesota corporation, and wholly owned subsidiary of Xcel Energy Inc., reached an agreement with Southern Power Company to purchase Mankato Energy Center, LLC (Mankato 1) and Mankato Energy Center II, LLC (Mankato 2) for cash consideration of approximately $650 million."

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