Diligence memo · auto-generated · as of July 2, 2026
Texas Eastern Transmission Lp
Texas Eastern Transmission Lp looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Texas Eastern Transmission Lp operates in Other Energy, based in HOUSTON.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Texas Eastern Transmission Lp has raised $300M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $300M on 2020-10-01.
Most recent recorded round closed around 2020-10-01.
Valuation (modeled)modeled
Provath models Texas Eastern Transmission Lp at approximately $3.5B (range $1.6B–$7.5B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.09× the median modeled value of Series D+ Other Energy companies in 2019–2021 (10 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 5.7 yr ago; this sector typically re-raises about every 12 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 98% of Other Energy peers (2049 compared).
Modeled value ranks above 99% of those peers.
Closest niche peers: Coal Conversion Ventures, LLC, Sion Power Corp, Sunnova Energy International Inc., Syncwatt, Inc, Renew Energy Efficiency Projects 3 LLC.
Peoplefiled
20 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.