Aug 15, 2012
Energy Capital Partners (“ECP” or “Energy Capital”) today announced the completion of a recapitalization of Chieftain Sand and Proppant, LLC (“Chieftain Sand”) on July 25, 2012. This is the first investment from Energy Capital’s Mezzanine Opportunities Fund.
May 08, 2012
Summit Midstream Partners, LLC (“Summit”), today announced that its wholly-owned subsidiary, Summit Midstream Holdings, LLC, has closed on a $265 million increase to, and amendment and restatement of, its revolving credit facility. This transaction raises total borrowing capacity to $550 million and provides additional financial flexibility during the remaining four-year term of the facility.
May 01, 2012
Cadeville Gas Storage LLC (“Cadeville”), a wholly‐owned subsidiary of Cardinal Gas Storage Partners LLC (“Cardinal”), announced today that on April 19, 2012 it closed the debt financing for the construction of a 17 MMDth depleted reservoir natural gas storage facility in Ouachita Parish, Louisiana near the Perryville/Delhi Hub in northeast Louisiana.
Mar 30, 2012
Power Line Services (“PLS”), a portfolio company of private equity firm Energy Capital Partners, announced today the acquisition of Snelson Companies, Inc. (“Snelson”) and IPS Engineering, LLC (“IPSE”) from GFI Energy Group and other shareholders. Snelson and IPSE will be added to the PLS family of businesses and will further diversify its energy infrastructure construction and maintenance services capabilities, extend its operating footprint west of the Rockies and add pipeline construction to its suite of businesses.
Oct 10, 2011
Summit Midstream Partners, LLC (“Summit”) announced today that it recently entered into a purchase and sale agreement with Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corporation (“Encana”) (TSX,NYSE: ECA), to acquire natural gas midstream assets located in the Piceance Basin for $590 million.
Aug 31, 2011
A subsidiary of Energy Capital Partners II, LP has completed the acquisition of 100% of the outstanding shares of CoaLogix, Inc. from Acorn Energy and EnerTech Capital Partners for a total consideration of $101 million.
Aug 18, 2011
Strategic Value Partners, LLC on behalf of certain clients (collectively, "SVP" or "Strategic Value Partners") announced today that it has entered into a definitive agreement to sell SVP's 100% equity interest in Liberty Electric Generation Holdings, LLC ("Liberty Electric" or the "Company") to an affiliate of Energy Capital Partners ("ECP"), a private equity firm focused on North American energy infrastructure.
Jul 18, 2011
PSEG Power LLC, a subsidiary of Public Service Enterprise Group Incorporated (NYSE:PEG), today announced that it has closed on the sale of its 1,000 MW Odessa gas fired generating plant to Odessa Power, LLC, a subsidiary of Energy Capital Partners II, LP for approximately $335 million. There is no debt attached to the asset.
Jul 11, 2011
Energy Capital Partners today announced the formation of Centennial Renewable Power, LLC, a subsidiary of Energy Capital Partners II, LP, and a partnership with Renova Capital Partners to jointly develop and acquire renewable power projects.
Jun 24, 2011
PSEG Power LLC, a subsidiary of Public Service Enterprise Group (PSEG: PEG) today announced that it has agreed to the sale of its remaining Texas generating asset. The 1000 MW gas-fired Odessa generating facility in West Texas will be sold, pursuant to an asset purchase agreement, to Odessa Power, LLC, a subsidiary of Energy Capital Partners II, LP for $335 million. There is no debt attached to the asset.
Jun 23, 2011
Power Line Services ("PLS"), the electric transmission and energy services construction and maintenance company owned by funds controlled by Energy Capital Partners, LLC, today announced that Sharyland Utilities, L.P. (“Sharyland”) has awarded the company a contract for transmission and infrastructure services as part of the utility's Competitive Renewable Energy Zone (“CREZ”) initiative.
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.