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Starwood Energy Group To Acquire 550 MW Power Plant in ERCOT
Starwood Energy Group Global, LLC, a private investment firm focused on energy infrastructure, announced today that an affiliate has entered into an agreement with affiliates of Exelon Corp. to acquire a natural gas combined cycle electric power generating facility in Odessa, Texas.
The electric power generating facility, the Quail Run Energy Center located in the Permian Basin region of west Texas, began commercial operations in 2007 and has a nominal capacity of 550 megawatts.
The transaction is subject to customary conditions and regulatory approvals and is expected to close in the fourth quarter of 2014. Financial terms of the transaction were not disclosed.
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September 30, 2014
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Copyright 2010-14 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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