OMAHA, Neb. – On December 23, 2015, affiliates of Tenaska Capital Management (“TCM”) completed the sale of the TPF II portfolio of seven generation facilities to an affiliate of ArcLight Capital Partners. The portfolio consisted of the three USPowerGen natural gas and dual-fired generating facilities located within the NYISO Zone J power market (Astoria, a 954 MW facility located in Queens and the 631 MW Gowanus and the 322 MW Narrows facilities located in Brooklyn); the 1,100 MW New Covert combined cycle natural gas-fired power generation facility located near Covert, MI, which will be interconnected to PJM beginning in June 2016; and three natural gas-fired power generation facilities located in the PJM power market (Rolling Hills, a 850 MW facility located in Wilkesville, OH, Lincoln, a 656 MW facility located in Manhattan, IL, and Crete, a 328 MW facility located in Crete, IL.)
This transaction represents the culmination of a process that began late in 2014 following the successful $1.6 billion TPF II generation portfolio recapitalization.