Private Equity Firms Seek to Increase Ownership in Power Marketer

Several private equity firms have applied at FERC to increase their ownership of power marketer Twin Eagle Resource Management, LLC

Specifically, TERM Holdings, LLC applied at FERC to increase its ownership in Twin Eagle Resource Management, LLC from 50.04 percent to up to 72.5 percent.

TERM Holdings is a limited liability company created for the purpose of holding interests in TERM held by investment funds managed or advised by GSO Capital Partners LP and Five Point Capital Partners LLC. GSO is a wholly-owned subsidiary of The Blackstone Group L.P.

As first reported by EnergyChoiceMatters.com, Twin Eagle Resource Management recently sold its retail books, with NRG Energy acquiring the Texas book (click here), and Integrys Energy Services acquiring the Northeast book (click here).