Your Portal for Key Energy Information and Research

New Covert Generating Company LLC

Company Summary

Description

The 1,100-megawatt power plant is located in Covert, near South Haven, and is owned by New Covert Generating Company, LLC, a private equity investment managed by Tenaska Capital Management, LLC (TCM), and operated by NAES Corp.

Website

http://www.tenaskacapital.com/new-covert-generatin...

Related Entities

Recent news

  • 6/24/2021 - Consumers Energy Company... (subscriber access)

Company Transactions

Date: 6/30/2023
Type: Acquisition

BUYERS:
  • Consumers Energy Company
  • CMS Energy Corp
    • SELLERS:
  • New Covert Generating Company LLC
    • ASSETS:
  • New Covert Generating Facility
    • DETAILS:

    COST: 810 $MM

    VOLUMES: 1176 MW

    NOTES:
    Consumers Energy (CMS Energy) signed a deal with New Covert Generating Company to acquire their self-named gas plant for $810 million. The New Covert Generating Facility can produce 1,176 MW in power and is located in Van Buren County, Michigan. Closing is targeted for the second quarter of 2023.
    REGIONS:
  • Midwest