Red Oak Operating Services LLC
Company Summary
Description
The Carlyle Group (NASDAQ: CG), announced it has completed the acquisition of the Red Oak power generation facility located in Sayreville, New Jersey. The acquisition was executed in conjunction with Cogentrix Energy Power Management, LLC, which was acquired by Carlyle funds in late 2012, and brings the total number of power generating facilities acquired since then to 11 with an aggregate enterprise value of more than $1.2 billion. Financial terms were not released.
Red Oak, acquired from Energy Capital Partners, is an 823-MW, combined-cycle power plant and currently operates under a long-term power purchase agreement. The facility is part of the PJM Interconnection, the world’s largest and most liquid competitive power market.
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