Fuel Tech has acquired the fuel additive business of Martin Marietta Magnesia Specialties, the leading U.S. producer of magnesia-based chemical products.
PPL Corp. will sell three of its nine hydroelectric dams in Maine to a coalition of government agencies and private groups that plan to bypass the dams to restore runs of Atlantic salmon and other migratory fish to the Penobscot River.
Black Hills Corp. has completed the sale of its interests in seven hydro power plants located in upstate New York to affiliates of Boralex Inc. and Boralex Power Income Fund.
Exelon will buy British Energy’s interest in AmerGen Energy, giving Exelon sole ownership of AmerGen and its three U.S. nuclear plants: Clinton Power Station in Illinois, Three Mile Island Unit 1 in Pennsylvania, and the Oyster Creek Generating Station in New Jersey. Exelon has sold InfraSource, whose holdings include InfraSource Electric & Construction Services, to GFI Energy Ventures and Oaktree Capital Management.
Foster Wheeler Ltd. has announced it has finalized the sale of its Hudson Falls, N.Y. waste-to-energy facility to the Industrial Development Agency of Washington and Warren Counties (New York).
United American Energy Holdings (UAE), developer, acquirer, and operator of power facilities, has entered into a merger agreement with DLJ Merchant Banking Partners III (CSFB Private Equity). UAE owns and operates six projects and has a 50% interest in American Ref-Fuel Company, a major owner and operator of waste-to-energy facilities in the U.S. CSFB Private Equity also announced it had entered into agreements to sell the interests in the six UAE-operated projects it will be acquiring in the merger to a subsidiary of Delta Power Company, LLC and an affiliate of John Hancock Financial Services Inc.
TECO Energy has completed the sale of the 370 MW Hardee County, Florida gas-fired plant to Invenergy and GTCR Golder Rauner.
Carlson & Associates has purchased Ely Wind, LLC, which has a 50 MW power purchase agreement with Nevada Power. Global Renewable Energy Partners formerly owned Ely Wind.
Puget Sound Energy has announced plans to buy a 49.85% stake in the 249 MW Frederickson Power Plant in Washington state from the plant’s owner and operator, EPCOR Power Development Corp., which is the merchant subsidiary of Canada’s EPCOR Utilities Inc. The transaction, valued at about $76.4 million, is expected to close by the second quarter 2004. The Frederickson plant, located just south of Tacoma, Washington, is a combined-cycle gas-fired facility brought on-line in August 2002.
WPS Resources Corp. has agreed to sell its Sunbury Generating Station in Snyder County, Pa., to Duquesne Power LP, a subsidiary of Duquesne Light Holdings, for $120 million. The Sunbury station consists of six boilers supplying steam to four turbine generators, with a combined capacity of 402 MW. The plant also houses two smaller oil-fired combustion turbines and two diesel generators.
FPL Energy has agreed to buy 130 MW of wind generation assets in California from bankrupt energy trader Enron Corp. The assets consists of the 40 MW Cabazon and the 16 MW Green Power projects near Palm Springs and the 18 MW and 7 MW Victory Garden Repower projects near Tehachapi. FPL is also buying the remaining portions of the Sky River and Victory Garden Phase IV projects it doesn’t already own.
Investment bank Goldman Sachs Group has announced it will buy independent power producer Cogentrix Energy in an acquisition that will add 26 power plants and about 3,300 MW of generating capacity to Goldman’s power portfolio.
American Securities Capital Partners and Private Power have acquired six operating subsidiaries of NiSource subsidiary Primary Energy that operate facilities in Northern Indiana capable to generating about 900 MW of combined electric and thermal energy.