CPV Towantic, LLC (“CPV Towantic”), a FPA public utility, and Osaka Gas USA Corporation (“OGUSA” and, together with CPV Towantic, the “Applicants”), filed at FERC for authorization from the Commission for two separate transactions whereby OGUSA or its designated wholly owned subsidiary proposes to acquire (1) a direct 25 percent equity interest in CPV Towantic from CPV Towantic Holding Company, LLC (“CPV Towantic Holding”), which owns 51 percent of the equity interests in CPV Towantic (the “CPV Towantic Holding Transaction”); and (2) a direct 50.01 percent equity interest in Towantic Energy Holdings, which directly owns 49 percent of CPV Towantic (the “ASC Transaction”, and collectively with the CPV Towantic Holding Transaction, the “Transactions” and each, a “Transaction”).

Upon consummation of the proposed Transactions, OGUSA or its designated wholly owned subsidiary will own more than 10 percent of the equity interests in CPV Towantic.

CPV Towantic owns and operates an approximately 751 MW (summer rating) natural gas-fueled, combined-cycle, electric generating facility and associated interconnection facilities located in Oxford, Connecticut

Tags:
M&A   CPV   Osaka Gas  

Comment on this story


ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com
Energy-Regulatory-Specialist -- Other -- Other
More Stories on RetailEnergyX.com:
FT: Mitsubishi-Backed Retail Supplier 'Prepares Bid' For International Retail Supplier With U.S. Arm
Shell Acquiring 250,000 Customers From U.K. Supplier;' Octopus Acquiring 580,000 Customers
UK Retail Supplier With US Affiliate In Talks To Secure 'New Funding'; Wholesale Prices Challenge
NRG To Trim Costs, Reviews Retail Pricing Structure After Direct Energy Acquisition '
PSEG to Acquire 25% Ownership Interest in Ocean Wind