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Industry: Email Alert RSS FeedTenaska Power signs agreement to acquire power plant
Pipeline & Gas Journal, May, 2005
Tenaska Capital Management, LLC, manager of the Tenaska Power Fund, L.P., announced that Tenaska Power has signed an agreement to acquire Calumet Energy Team. LLC and CET One, LLC, subsidiaries of Wisconsin Energy Corp. and owners of a nominal 308-megawatt natural gas-fired peaking power facility in Chicago for approximately $38 million.
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The sale is expected to close in June. This is the second acquisition for the company in 2005. Its first acquisition, a 315-MW power plant in Virginia. was announced in January.
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