FERC approves sale of two power plants in Ohio

The Federal Energy Regulatory Commission on Dec. 16 approved the sale of Richland-Stryker Generation LLC and its two Ohio power plants to RSG Power LLC.

On Nov. 8, Richland-Stryker Generation requested commission authorization for the disposition of jurisdictional facilities connected with the transaction pursuant to which Richland-Stryker Investment LLC will sell, and RSG Power LLC will purchase, 100% of the ownership interests in Richland-Stryker Generation.

Richland-Stryker Generation owns two facilities: an approximately 444-MW, oil- and gas-fired facility located in Ohio (Richland Facility); and an approximately 20-MW oil-fired facility, also located in Ohio (Stryker Facility).

Richland-Stryker Investment’s interests are held by various entities, including indirectly by Starwood Energy Group Global LLC. Another controlling party is BlackRock Investment Management LLC.

RSG Power’s interests are currently held by five investment funds affiliated with Energy Capital Partners LLC, which controls, among other things, the Brayton Point power plant in Massachusetts.

RSG Power filed a Dec. 19 notice with FERC that the deal closed on Dec. 18.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.