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Rumford Power

Company Summary

Description

Rumford Power is a 265 MW combined-cycle natural gas-fired power plant in Rumford, Maine. Rumford Power is a high-efficiency base load facility that is well-positioned relative to other generation sources in New England.

Website

http://www.emera.com/en/home/affiliates/energy.asp...

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.