Carlyle Unit Snaps Up Gas-Fired Power Plant In NJ

Law360, New York (November 8, 2013, 2:58 PM EST) -- Private equity powerhouse Carlyle Group LP said Thursday that it had sewn up the acquisition of an 823-megawatt gas-fired power plant in New Jersey from fellow private equity firm Energy Capital Partners LLC for an undisclosed price.

Carlyle's Cogentrix Energy Power Management LLC unit picked up the Red Oak plant in Sayreville, N.J., a combined-cycle gas-fired facility that currently has a long-term power purchase agreement that expires in 2022. The sale was first announced in September.

It's the 11th power plant snapped up by Cogentrix since...
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