Foreign Direct Investment (FDI) in U.S. Energy 2005 Contacts | Home

Release Date: February 2008
Next Release Date: February 2009 

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Electric Power Generation Capacity

Electric power generation capacity owned by FDI-affiliate companies increased in 2005, with FDI affiliates of five companies adding substantial capacity, although affiliates of two companies reduced capacity.   Affiliates of EPCOR Utilities (Canada) had the largest increase in generating capacity, all of which stemmed from its purchase of a controlling interest in TransCanada Power, a limited partnership renamed EPCOR Power, from TransCanada.  Brookfield Asset Management (Canada) acquired four hydroelectric generating stations in the United States, and, along with Emera (Canada), a pumped storage hydroelectric generating station in Massachusetts, while affiliates of SUEZ (France) brought online the first of two planned units of a 746-megawatt natural-gas-fired plant in Hot Springs, Arkansas.  TransCanada, although it sold its controlling interest in TransCanada Power, increased its U.S. capacity by buying 567 megawatts of hydroelectric generating capacity in New England from National Energy & Gas Transmission.[1]  The largest decline in capacity was at a non-regulated affiliate of E.On (Germany), which sold its share of a generating plant in Texas, as E.On affiliates began exiting the non-regulated generation businesses in the United States.

  Electric Power Generation Capacity in the United States of FDI-Affiliate Companies,
  2003 - 2005
  (Megawatts)
Foreign Parent - FDI-Affiliate 2003 2004 2005 2004 - 2005 Percent Change
Scottish Power - PacifiCorp & PPM Energya 9,055 9,624 9,618 -0.1
E.ON - LG&E Energy 9,073 9,666 E9,391 -2.8
International Power - variousb 4,418 4,601 4,601 0.0
SUEZ - Suez Energy North Americac RE4,418 R3,471 3,745 7.9
TransAlta - TransAlta USA 2,077 2,078 2,078 0.0
Brookfield Asset Management - variousd 391 1,170 1,533 31.0
TransCanada - various 984 984 1,127 14.5
EPCOR Utilities - Frederickson Power & EPCOR Power R125 R125 549 339.5
Emera - Emera Energy US 0 0 305 NM
Total FDI-Affiliate Companies R30,541 R31,719 32,948 3.9
Total United States 948,446 962,942 978,020 1.6
Percent FDI-Affiliate Companies 3.2 3.3 3.4 - -
   aIncludes capacity owned or controlled on March 31, 2003 - 2005.
   b2005 is as of March 6, 2006.        
   cIncludes some capacity in Mexico.        
   dBrascan in 2003 and 2004.        
   Notes:  - = No data reported.  - - = Not applicable.  E = Estimated.  NM = Not meaningful.  R = Revised data.  Values at year end.  Components may not add to totals because of independent rounding.  Calculations performed with unrounded data.
   Sources:  Companies:  Company documents.  U.S. Totals:  Energy Information Administration, Electric Power Annual 2005 DOE/EIA-0348(2005) (Washington DC, November 2006), Table ES.

[1] “Acquisitions and Divestitures by Foreign Direct Investors in U.S. Energy 2005,” Energy Information Administration, (Washington, DC, May 23, 2007).