Michigan Cogeneration Power Plant Owner Sold

 Michigan Cogeneration Power Plant Owner Sold

ArcLight Capital Partners LLC said its two business units will sell its indirect interests in Michigan Power LP LLC to a subsidiary of Rockland Power Partners II LP.
 
Michigan Power LP owns a 125-MW natural gas-fired combined-cycle cogeneration power plant in Michigan. The plant sells 100 percent of its electric output to Consumers Energy Co. under a long-term power purchase agreement. The plant also supplies steam and compressed air to Occidental Chemical Corp.’s Ludington plant under terms of a steam sales agreement.
 
The deal is expected to close by year end following receipt of customary approvals.



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

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

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 ...