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Aquisitions and Dispositions
3 Months Ended
Mar. 31, 2012
Acquisitions and Dispositions

4. ACQUISITION AND DISPOSITION

 

ACQUISITION

 

2012

 

BlueStar Energy (Generation and Marketing segment)

 

In March 2012, we completed the acquisition of BlueStar Energy Holdings, Inc. (BlueStar) and its independent retail electric supplier BlueStar Energy Solutions for $70 million, subject to potential working capital adjustments. This transaction also included goodwill of $14 million, intangible assets associated with sales contracts and customer accounts of $59 million and liabilities associated with supply contracts of $25 million. These amounts are subject to revision once further evaluations are complete. BlueStar provides electric supply for retail customers in Ohio, Illinois and other deregulated electricity markets and also provides energy solutions throughout the United States, including demand response and energy efficiency services. BlueStar has been in operation since 2002 and has approximately 23,000 customer accounts.

DISPOSITION

 

2011

 

Electric Transmission Texas LLC (ETT) (Utility Operations segment)

 

During the three months ended March 31, 2011, TCC sold $5 million of transmission facilities to ETT. There were no gains or losses recorded on these sale transactions.