Xcel Energy has hired Goldman Sachs, Deutsche Bank and ABN AMRO to shop affiliate NRG Energy's entire 5.4 GW international plant portfolio and trading operations. The three firms were awarded the divestiture mandates earlier this month after a beauty parade in mid March (PFR, 3/18). Bankers say Goldman has been retained to sell NRG's European trading operations and 1,830 MW asset portfolio, Deutsche Bank has been retained to sell NRG's 1,100 MW Latin American book of power plants, and ABN AMRO has been hired to shop the IPP's 2,400 MW Asia-Pacific business. Lehman Brothers, which advised on the beauty parade, is also being retained to oversee the sale process. Officials at the banks either declined to comment or did not return calls. Mary Sandok, an Xcel spokeswoman, declined to comment.
April 14, 2002