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ArcLight Capital Partners, LLC

Company Summary

Website

http://www.arclightcapital.com/

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Company Transactions

Date: 2/23/2023
Type: Acquisition

BUYERS:
  • Hydro-Québec
    • SELLERS:
  • ArcLight Capital Partners, LLC
  • Great River Hydropower, LLC
    • DETAILS:

    COST: 2 $B

    NOTES:
    ArcLight Capital has closed on the sale of Great River Hydro, LLC to Hydro-Québec for a value of $2 billion. The sold assets represent the largest conventional hydro fleet in New England, spanning 13 generation stations with a capacity of 589 MW on the Connecticut and Deerfield Rivers. ArcLight held Great River for more than five years, during which they increased qualified capacity by 8 MW and built out a future pipeline of 230MW in solar, batter and hydro efficiency projects.
    REGIONS:
  • New England

    • Date: 3/31/2022
    Type: Acquisition

    BUYERS:
  • ArcLight Capital Partners, LLC
  • Saber Midstream, LLC
    • DETAILS:
    NOTES:
    ArcLight Capital, via their Saber Midstream affiliate, has signed a deal to acquire a gas gathering system in the Haynesville Shale from an undisclosed seller. The deal will close in the coming weeks and the asset is supported by a long-term gathering agreement and acreage dedication.
    REGIONS:
  • Haynesville-Bossier Shale

    • Date: 12/31/2021
    Type: Acquisition

    BUYERS:
  • Generation Bridge
  • ArcLight Capital Partners, LLC
    • SELLERS:
  • NRG Energy Inc
    • ASSETS:
  • Arthur Kill Generating Station
  • Oswego Harbor Power
  • Montville Station
  • Middletown
  • Devon Station
  • Cos Cob
  • Branford
  • Torrington Terminal
  • Franklin Drive
  • Sunrise Power LLC
  • Long Beach Terminal
    • DETAILS:

    COST: 760 $MM

    VOLUMES: 4850 MW

    NOTES:
    NRG Energy signed a deal on 2/28/2021 to divest 4,850 MW in fossil fuel generation assets to ArcLight Capital Partners affiliate Generation Bridge. The assets being sold are located in the East and West regions of NRG's operations, and as part of the deal, they entered into a tolling agreement for the 866 MW Arthur Kill Plant in New York City through April 2025.
    REGIONS:
  • NYISO
  • CAISO
  • ISO-NE

    • Date: 3/31/2021
    Type: Acquisition

    BUYERS:
  • ArcLight Capital Partners, LLC
    • SELLERS:
  • Kinder Morgan, Inc.
  • Brookfield Infrastructure Partners
    • ASSETS:
  • Natural Gas Pipeline Company (NGPL)
    • DETAILS:

    COST: 830 $MM

    NOTES:
    Kinder Morgan and Brookfield Infrastructure Partners have reached a deal to sell off a 25% stake in the Natural Gas Pipeline Company of America to an ArcLight Capital Partners fund for $830 million. They will split the proceeds, while each retaining a 37.5% stake in the $5.2B pipeline.
    REGIONS:
  • Lower 48

    • Date: 7/23/2019
    Type: Acquisition

    BUYERS:
  • ArcLight Capital Partners, LLC
    • SELLERS:
  • American Midstream Partners, LP
    • DETAILS:
    NOTES:
    American Midstream Partners disclosed that their Board of Directors had received an unsolicited buyout offer from ArcLight Energy Partners Fund V. The offer included an offer to acquire all common units of the company which are not already owned by ArcLight in exchange for $6.10 per common units.
    REGIONS:
  • Permian Basin
  • Eagle Ford
  • East Texas/Louisiana
  • Bakken
  • Gulf Coast

    • Date: 3/31/2019
    Type: Acquisition

    BUYERS:
  • ENSTOR Gas, LLC
  • ArcLight Capital Partners, LLC
    • SELLERS:
  • Sempra Energy
  • Mississippi Hub, LLC
  • BAY GAS STORAGE CO., LTD
    • ASSETS:
  • Bay Gas Storage Company
  • Mississippi Hub Gas Storage
    • DETAILS:

    COST: 332 $MM

    VOLUMES: 42.4 Bcf

    NOTES:
    The deal includes the 22.3 Bcf Mississippi Hub Storage Facility and the 20.4 Bcf Bay Gas Storage Facility. Closing is expected in the first quarter of 2019.
    REGIONS:
  • Southeast

    • Date: 2/15/2019
    Type: Acquisition

    BUYERS:
  • ENSTOR Gas, LLC
  • ArcLight Capital Partners, LLC
    • SELLERS:
  • Midstream Energy Holdings, LLC
  • East Cheyenne Natural Gas Storage Company
    • ASSETS:
  • East Cheyenne Natural Gas Storage
    • DETAILS:

    VOLUMES: 12 Bcf

    REGIONS:
  • Rockies

    • Date: 10/31/2018
    Type: Acquisition

    BUYERS:
  • ArcLight Capital Partners, LLC
    • SELLERS:
  • Targa Resources Corp.
    • ASSETS:
  • Targa Maryland Facility
  • Targa Washington Facility
    • DETAILS:

    COST: 160 $MM

    NOTES:
    Targa Resources have sold its refined products and crude oil storage and terminal facilities in Tacoma, WA and Baltimore, MD to an affiliate of ArcLight Capital Partners, LLC.
    REGIONS:
  • Northeast
  • West

    • Date: 8/2/2018
    Type: Acquisition

    BUYERS:
  • ArcLight Capital Partners, LLC
  • AL Midcoast Holdings LLC
    • SELLERS:
  • Enbridge Inc.
  • Midcoast Energy Partners, L.P.
  • Midcoast Operating, L.P
  • Midcoast Gas Gathering and Processing
    • ASSETS:
  • Anadarko Gathering System
  • East Texas Gathering System
  • Midcoast TexOk Gathering System
  • Texas Express NGL Pipeline
    • DETAILS:

    COST: 1.12 $B

    NOTES:
    The deal includes legacy gathering & processing in Texas and Oklahoma, a long-haul NGL transmission system and the marketing and logistics business. On an asset level, the acquisition includes 11,900 miles of gas & NGL pipelines, 25 processing plants with >2 Bcf/d in capacity, 12 treating plants, an E/P fractionator and other liquids logistics assets.
    REGIONS:
  • South Central

    • Date: 12/30/2017
    Type: Acquisition

    BUYERS:
  • ArcLight Capital Partners, LLC
  • TLP Management Services LLC
    • SELLERS:
  • BP West Coast Products LLC
    • ASSETS:
  • BP Portland Refined Products Terminal
  • BP Seattle Refined Products Terminal
    • DETAILS:
    NOTES:
    The JV will be anchored initially by the acquisition of two large-scale refined product terminals in Seattle, Washington and Portland, Oregon. The transaction is expected to close in late 2017, subject to customary approvals. TLP Management Services LLC, an ArcLight affiliate, will operate the terminals under a multi-year operating agreement.
    REGIONS:
  • West

    • Date: 10/30/2017
    Type: Acquisition

    BUYERS:
  • American Midstream Partners, LP
    • SELLERS:
  • ArcLight Capital Partners, LLC
  • Destin Pipeline LLC
    • ASSETS:
  • Destin Pipeline
    • DETAILS:

    COST: 30 $MM

    NOTES:
    Acquisition of a 17% interest in the Destin Pipeline
    REGIONS:
  • Gulf of Mexico

    • Date: 9/29/2017
    Type: Acquisition

    BUYERS:
  • American Midstream Partners, LP
    • SELLERS:
  • ArcLight Capital Partners, LLC
    • ASSETS:
  • Delta House FPSO Facility
    • DETAILS:

    COST: 125.4 $MM

    NOTES:
    American Midstream reported that it has closed on the acquisition of another 15.5% equity interest in the Delta House FPSO Facility from ArcLight Capital Partners for $125.4 million. Upon closing, American Midstream owns a 35.7% interest in the facility while ArcLight holds a 23.3% stake.
    REGIONS:
  • Gulf of Mexico

    • Date: 9/14/2017
    Type: Acquisition

    BUYERS:
  • ArcLight Capital Partners, LLC
    • SELLERS:
  • ARCO Midcon LLC
    • ASSETS:
  • Olympic Pipeline
    • DETAILS:
    NOTES:
    ArcLight Capital Partners announced today that one of its affiliates has acquired a 30% interest in the entity that owns the Olympic Pipeline from ARCO Midcon LLC, an affiliate of BP Pipelines (North America) Inc.
    REGIONS:
  • West

    • Date: 4/15/2017
    Type: Acquisition

    BUYERS:
  • Great River Hydropower, LLC
  • ArcLight Capital Partners, LLC
    • SELLERS:
  • TC Energy Corporation
  • TransCanada Hydro Northeast Inc.
    • DETAILS:

    COST: 1.065 $B

    REGIONS:
  • Northeast

    • Date: 1/30/2017
    Type: Acquisition

    BUYERS:
  • Blackstone Energy Partners
  • ArcLight Capital Partners, LLC
    • SELLERS:
  • American Electric Power (AEP)
    • ASSETS:
  • Lawrenceburg Energy Facility
  • AEP Waterford Facility
  • Darby Electric Generating Station
  • General James M Gavin
    • DETAILS:

    COST: 2.17 $B

    VOLUMES: 5200 MW

    NOTES:
    American Electric Power (NYSE: AEP) has sale of four power plants totaling approximately 5,200 megawatts (MW) for approximately $2.17 billion to a newly formed joint venture of Blackstone (NYSE: BX) and ArcLight Capital Partners LLC (ArcLight).

    Date: 2/15/2016
    Type: Acquisition

    BUYERS:
  • ArcLight Capital Partners, LLC
    • SELLERS:
  • NGL Energy Partners LP
  • TransMontaigne Partners L.P.
    • DETAILS:

    COST: 350 $MM

    NOTES:
    In February 2016, ArcLight Energy Partners Fund VI indirectly acquired 100% of our general partner for $350 million in cash from NGL Energy Partners (NGL) TLP’s GP – holds 2% GP interest and 100% of IDRs (currently in “high-splits”).