In 2020, an investor-owned electric utility in the Northwestern U.S. acquired a municipal electric utility in the same region. Before the transaction closed, Concentric collaborated closely with both companies as part of the merger integration Project Management Office team. We assisted in the preparation of integration plans for Day 1 and monitored their progress by facilitating discussions and reaching agreements on issues related to pre-closing activities leading up to Day 1.
These plans encompassed several areas, including customer service, billing, distribution operations, maintenance, engineering, regulatory, finance, human resources, corporate communications, and more. Additionally, Concentric supported the identification of integration needs beyond Day 1 and developed crucial plans to address those needs, aiming for seamless post-merger operations.
Finally, Concentric worked with the target company and its municipal government to identify and manage issues related to asset separation and transition services.
