FERC Says PE Firm's Power Plant Buy Anti-Competitive

Law360, New York (March 8, 2013, 4:07 PM EST) -- The Federal Energy Regulatory Commission on Thursday denied a bid by power plant operator Mach Gen LLC, a Rockland Capital LLC portfolio company, to sell a 1,054-megawatt facility in Arizona to a Minnesota private equity firm, ruling the sale would harm competition for local electricity prices.

Mach Gen agreed to transfer its 100 percent equity interest in the Harquahala facility, a natural gas-fired, combined-cycle electric generating plant, to Wayzata Investment Partners LLC. The plant would be operated by a third party with Wayzata subsidiary Saddle Partners...
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