Carlyle May Build Power Plant At Philly Refinery

Law360, New York (September 20, 2012, 4:58 PM EDT) -- The Carlyle Group LP is considering building a power plant on the site of the Philadelphia refinery it bought from Sunoco Inc. in July, its CEO said Thursday, a reflection of the buyout giant's enthusiasm if not for gas itself, then for the industries that rely on and benefit from the commodity's low price.

CEO William Conway, whose firm has so far stayed away from investing directly in U.S. oil and gas fields, said a co-generation plant on the order of "hundreds of megawatts" would allow...
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