Red Rock Power Partners is pleased to announce the
acquisition of the 67 MW Capitol District Energy Center Cogeneration
Associates ("CDECCA") Power Plant. CDECCA is a natural gas fired
combined cycle cogeneration plant located in downtown Hartford, Connecticut. This
power plant was owned by El Paso Merchant Energy ("El Paso").
Red Rock Power Partners LLC entered into an exclusivity
agreement with El Paso and subsequently partnered with Maxim Power Corp.
of Calgary, Canada to finance the facility. The transaction
is subject to regulatory approval by the Federal Energy Regulatory Commission.
CDECCA provides peaking power to the New England Power
Market. It also provides steam and chilled water to a major commercial
customer and to the Hartford Capitol district heating network.
The prime mover is a General Electric Frame 6 B combustion
turbine generator with a 22 MW Alsthom steam turbine generator. Steam
and chilled water are provided by centrifugal chillers and absorption
chilling units driven by the wate exhaust gases from the combustion turbine
generator. The facility is dual fuel capable burning natural gas
and No. 2 Fuel Oil as needed.
Red Rock seeks to increase its portfolio of power generating
assets with a view to acquire additional assets in the North East and
California power markets in 2006. Buz Barclay of Torys LLC provided legal
counsel for the acquisition. |