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.

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 ...