US Power Generating Company Is Now EasternGen
NEW YORK, N.Y. US Power Generating Company, LLC (USPG) today announced that as part of the December deal between ArcLight Capital Partners, LLC (“Arclight”) and Tenaska Capital Management LLC (“Tenaska”), USPG is now Eastern Generation, LLC.
In December, ArcLight announced that Eastern Generation, LLC (“EasternGen”), a newly formed portfolio company controlled by ArcLight Energy Partners Fund VI, L.P., completed a transaction with affiliates of Tenaska, whereby EasternGen acquired a natural gas and dual-fuel fired portfolio consisting of seven power generation plants totaling 4,895 MW, including the three facilities operated by USPG. USPG website and email have transitioned to EasternGen.
EasternGen owns and operates seventy-two generating units at seven facilities with a total average capacity of 4895 Megawatts through its Astoria Generating, New Covert, Lincoln, and Rolling Hills Subsidiaries. EasternGen sells energy and ancillary services into the NYISO, MISO and PJM markets, and account for over 18% of New York City capacity. EasternGen is a portfolio Company of ArcLight Capital Partners, LLC.
About ArcLight Capital Partners, LLC
ArcLight is one of the leading private equity firms focused on North American and Western European energy assets. Since its establishment in 2001, ArcLight has invested over $13.9 billion across multiple energy cycles in more than 90 investments. Headquartered in Boston, MA with an additional office in Luxembourg, the firm’s investment team brings extensive energy expertise, industry relationships, and specialized value creation capabilities to its portfolio. More information about ArcLight, as well as a complete list of ArcLight’s portfolio companies, can be found at http://arclightcapital.com.