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Bridgeport Energy LLC

Company Summary

Description

Bridgeport Energy LLC owns and operates natural gas-fired combined cycle power generation plant located in Bridgeport, Connecticut. The company was incorporated in 1997 and is based in Bridgeport, Connecticut. As of November 19, 2013 Bridgeport Energy LLC operates as a subsidiary of Emera Incorporated.

Website

http://www.bloomberg.com/research/stocks/private/s...

Related Entities

Company Transactions

Date: 3/31/2019
Type: Acquisition

BUYERS:
  • The Carlyle Group
  • Revere Power
    • SELLERS:
  • Emera Inc
  • Bridgeport Energy LLC
  • Tiverton Power LLC
  • Rumford Power
    • ASSETS:
  • Bridgeport Energy Project
  • Rumford Power, Inc
  • Tiverton Power Plant
    • DETAILS:

    COST: 590 $MM

    VOLUMES: 1100 MW

    NOTES:
    Emera reached an agreement with The Carlyle Group to sell its three natural gas-fired generation facilities in New England, known as Bridgeport Energy, Tiverton Power, and Rumford Power, for $590 million. The facilities contain a combined capacity of 1,100 MW and the transaction is expected to close in 1Q19.