CCGTs bought

Capital Power Corp. plans to spend $315 million to buy two combined-cycle power plants in Rhode Island and Maine totaling 549 MW in capacity. The price represents 40 percent of the plant’s replacement value.

Capital Power will buy the plants from Brick Power Holdings LLC, a group of investors who acquired the plants during Calpine Energy’s bankruptcy. The plants are a decade old and feature GE 7FA power systems.

Read more mergers and acquisitions news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...