May 31, 2011
Cardinal Gas Storage Partners LLC (“Cardinal”) announced today that it has acquired Monroe Gas Storage Company, LLC (“Monroe”) as well as an option on development rights to an adjacent depleted natural gas reservoir (the “Option”) from High Sierra Monroe, LLC, a wholly‐owned subsidiary of High Sierra Energy, LP and certain other shareholders. The total consideration is approximately $148 million.
May 31, 2011
Summit Midstream Partners, LLC (“Summit”) announced today the closing of a $285 million senior secured revolving credit facility. The credit facility, which matures in May 2016, also contains an accordion provision that permits Summit to increase the total size of the facility by up to $150 million at any time prior to maturity.
Feb 01, 2011
On January 20, 2011 EquiPower Resources Corp. (EquiPower), owned by Fund II and certain co-investors, completed the acquisition of the Milford Power generating station in Connecticut. An agreement to acquire the 548 megawatt (MW) combined cycle gas turbine (CCGT) power plant from a consortium of financial owners was announced last November.
Nov 16, 2010
EquiPower Resources Corp. (EquiPower), owned by Energy Capital Partners, announced today that it has entered into an agreement with Milford Holdings, LLC to purchase 100% of the membership interests in Milford Power Company, LLC and 100% of the shares of Milford Holdings Corporation (together, Milford Power). Milford Power owns a 548 megawatt (MW) combined cycle gas turbine (CCGT) power plant commissioned in 2004 and located in Milford, CT. With the acquisition of Milford Power, EquiPower will become the fifth largest generation fleet in New England with approximately 1,800 MW of capacity, consisting exclusively of CCGT power plants.
Aug 16, 2010
Energy Capital today announced the final close of Energy Capital Partners II, a private equity fund focused on the acquisition, development and construction of North American energy infrastructure assets. The fund will primarily invest in assets in the fossil and renewable power generation, electric transmission and midstream gas sectors.
Aug 13, 2010
Energy Capital Partners, a private equity firm focused on investing in North America’s energy infrastructure, today announced that Rahman D’Argenio has joined the firm as a Principal in the firm’s Short Hills, New Jersey office. Mr. D’Argenio will be responsible for both leading new investments as well as monitoring portfolio company activity across all of the firm’s major areas of investment focus in fossil and renewable power generation, midstream gas and electric transmission.
Jul 12, 2010
First Solar, Inc. (Nasdaq: FSLR) today announced it has completed the acquisition of NextLight Renewable Power, LLC, a solar development firm formed by the inaugural fund of Energy Capital Partners, a private equity firm focused on investing in North America's energy infrastructure.
May 18, 2010
Perryville(SM) Gas Storage LLC (“Perryville”), a wholly-owned subsidiary of Cardinal Gas Storage Partners LLC (“Cardinal”), announced today that it has closed the debt financing for the construction of the first 7.5 Bcf natural gas storage cavern at Perryville. WestLB AG and ING Capital LLC were the Joint Lead Arrangers and the Joint Bookrunners for the financing which consists of a $105,000,000 term loan and a $20,000,000 pad gas revolver.
Apr 28, 2010
First Solar Inc. (Nasdaq:FSLR) and NextLight Renewable Power, LLC today announced they have entered into a definitive agreement for First Solar to acquire NextLight, a leading developer of utility-scale solar projects in the southwestern United States. The acquisition includes a 1,100 megawatt (MW) solar project pipeline, further solidifying First Solar’s position as a leader in the U.S. utility renewable power market.
Mar 23, 2010
Energy Capital Partners (“ECP”) announced today an agreement with BG Group to purchase the Group’s 1,244 MW fleet of three gas-fired power plants in Connecticut and Massachusetts for $450 million.
Mar 18, 2010
Energy Capital Partners (“ECP”) today announced it has formed a new portfolio company, Power Line Services, Inc. (“Power Line”), to participate in the U.S. electric transmission construction and maintenance business. Power Line’s current activities include the construction of new electric transmission infrastructure and upgrades to existing transmission infrastructure primarily throughout the Southwest and Gulf Regions of the United States.
Feb 16, 2010
NV Energy (NYSE: NVE) and NextLight Renewable Power, LLC, today announced a 25-year contract for the purchase and sale of energy to be produced at NextLight’s 50 MW Silver State Solar Power photovoltaic facility near Primm, Nevada.
Oct 15, 2009
NextLight Renewable Power, LLC (NextLight) announced today that it has entered into a long-term power purchase agreement with Pacific Gas and Electric Company (PG&E) which will buy the entire output of NextLight’s Agua Caliente Solar project (Agua Caliente Solar).
Sep 09, 2009
Energy Capital Partners ("ECP") announced today the formation of Summit Midstream Partners LLC (“Summit”), a midstream energy company focused on acquiring and developing a portfolio of midstream energy infrastructure assets that are strategically located in traditional and emerging North American production basins and import centers.
Jun 05, 2009
Pacific Gas and Electric Company (PG&E) announced today that it has entered into a contract with AV Solar Ranch 1, LLC, a subsidiary of NextLight Renewable Power, LLC, for 230 megawatts (MW) of solar photovoltaic power. On average, the project is expected to produce 592 gigawatt-hours of renewable electricity each year for PG&E customers throughout northern and central California .
Jun 02, 2009
Sean Spain has a heck of a job. He's the plant manager at Empire Generating Co. LLC, an $800 million, 635- megawatt power plant being built on Riverside Avenue here on the site of the former BASF dye-making factory.
May 29, 2009
Conservation groups are applauding a proposal by SunZia to responsibly develop a power transmission system that would harness clean, renewable energy in New Mexico and Arizona.
Dec 29, 2008
GDF SUEZ Energy North America today announced the acquisition of FirstLight Power Enterprises, Inc. (FirstLight) from Energy Capital Partners is now complete. FirstLight owns and operates a unique portfolio of 15 power generation plants – primarily pumped storage and traditional hydro facilities. It also has a state-of-the-art natural gas peaking power plant in construction.
Oct 01, 2008
ADA-ES, Inc. (NASDAQ: ADES) announced today the formation of Crowfoot Development, LLC (Crowfoot), a joint venture with Energy Capital Partners (ECP), focused on the production of activated carbon (AC) for the mercury emissions control market for coal-fired power plants.
Sep 02, 2008
SUEZ Energy North America (SUEZ Energy) and FirstLight Power Enterprises, Inc. (FirstLight) today announced the signing of an agreement to acquire FirstLight from Energy Capital Partners. FirstLight owns and operates a unique portfolio of 15 power generation plants – primarily pumped storage and traditional hydro facilities – and has a state-of-the-art natural gas peaking facility in advanced development.
Jun 18, 2008
Cardinal Gas Storage Partners LLC (Cardinal) announced today that it has acquired two natural gas storage development projects from CenterPoint Energy Gas Transmission Company (CEGT) an indirect, wholly-owned interstate natural gas pipeline subsidiary of CenterPoint Energy, Inc. (NYSE: CNP). The projects, located near the Perryville HubSM, in north Louisiana, include a salt dome storage development project and a depleted reservoir storage development project.
Jun 09, 2008
CE2 Capital Partners LLC (“CE2 Capital”) and Energy Capital Partners ("ECP") today announced the formation of CE2 Carbon Capital, LLC (“CE2 Carbon”), a company dedicated to building a portfolio of carbon offsets and other assets focused on reducing greenhouse gas (“GHG”) emissions in North America.
Jun 02, 2008
SouthWestern Power Group (SWPG) announced today an agreement with four other partners to proceed with development of the SunZia Southwest Transmission Project (SunZia). SunZia is a high-capacity transmission project planned between Arizona and New Mexico.
May 05, 2008
Energy Capital Partners (“ECP”) and Martin Resource Management Corporation (“MRMC”) announced today the formation of Cardinal Gas Storage Partners LLC (“Cardinal”), a 50:50 joint venture focused on the development, construction, operation and management of natural gas storage facilities throughout North America.
Jul 26, 2007
Besicorp-Empire Development Company, LLC (BEDCO) is pleased to announce that Energy Capital Partners, a private equity firm dedicated to investing in North America’s energy infrastructure, has agreed to provide the equity necessary to complete the Besicorp-Empire Power Project.