ArcLight Completes Purchase of Power Plant Portfolio

ArcLight completes purchase of natural gas- and dual-fired power plants

ArcLight Capital Partners LLC completed a transaction with affiliates of Tenaska Capital Management LLC to purchase 4.8 GW of natural gas-fired and dual-fuel fired power plants.

Eastern Generation LLC, a newly formed portfolio company controlled by ArcLight Energy Partners Fund VI LP, completed the sale that includes three natural gas and dual-fired generating facilities located within the NYISO Zone J power market: the 954-MW Astoria, the 631-MW Gowanus and the 322-MW Narrows plants and the U.S. Power Generating Co. asset management and operations platform. The deal also includes the purchase of the 1,100-MW New Covert combined cycle natural gas-fired power plant in Michigan, and three natural gas-fired power plants located in the PJM power market: the 850-MW Rolling Hills in Ohio, and the 656-MW Lincoln and 328-MW Crete power plants in Illinois.

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