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.

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