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Carlyle Bid for Gas-fired Trio Bears Fruit

Nov 27, 2018 - Power, Finance and Risk

The Carlyle Group has agreed to buy a trio of combined-cycle gas-fired projects in New England from Emera Energyfor $590 million after a competitive sales process run by a bulge-bracket investment bank.

JP Morgan ran the auction for the approximately 1.1 GW portfolio on behalf of the Canadian utility holding company.

The portfolio comprises the 560 MW Bridgeport facility in Bridgeport, Conn., the 265 MW Rumford project in Rumford, Maine, and the 283 MW Tiverton plant in Tiverton, R.I...