Energy Capital Partners Announces Sale of Empire Generating to a Consortium of Buyers Led by TYR Energy
Oct 13, 2016
SHORT HILLS, NJ, October 13, 2016 – Energy Capital Partners today announced that it has entered into a definitive agreement to sell 100% of the equity interests in Empire Generating Company (“Empire”), a 635 MW dual-fuel combined cycle generating facility located in Rensselaer, NY that sells electricity and capacity into the New York ISO market area. Energy Capital purchased Empire in July 2007 during its development stage and prior to construction commencement. The plant began commercial operations in September 2010 after a successful three year construction period.
About Energy Capital Partners
Energy Capital Partners is a private equity firm with over $13 billion in capital commitments. The firm focuses on investing in the traditional and renewable power generation, midstream oil and gas, electric transmission, environmental infrastructure and energy services sectors of North America’s energy infrastructure. The team has substantial experience leading successful energy companies and energy investments. ECP has offices in Houston, TX, San Diego, CA, and Short Hills, NJ. For more information, visit www.ecpartners.com.