Tri-State Generation and Transmission Association agreed to purchase the 272 MW Ft. Lupton combined-cycle cogeneration power plant in Colorado. Terms of the deal were not disclosed.
Tri-State will acquire 100 percent of the equity interests in the Thermo Cogeneration Partnership (TCP) from units of private investment firm Starwood Energy Group. TCP holds assets associated with the power plant.
The plant uses five GE (NYSE: GE) LM6000 gas turbines and has been in operations since 1994. Tri-State has been purchasing 150 MW of power from the plant under a 10-year tolling agreement with TCP since July 2009.
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