Western Generation Partners LLC filed a July 25 application at the Public Utilities Commission of Texas for approval to buy a 230-MW power plant.
Western Generation is a newly-formed joint venture of Harbert Power Fund V LLC, UBS Asset Management Funds Ltd. and Northwestern Mutual Life Insurance Co. The joint venture would acquire the 230-MW, gas-fired Borger facility, located near Borger, Texas.
The plant is located in the Southwest Power Pool region. The plant provides power to Southwestern Public Service Co. under a long-term power purchase agreement.
The facility is currently owned by Borger Energy Associates LP, which is a subsidiary of First Reserve Energy Infrastructure Fund.
The application seeks a quick review, with a draft approval order asked for by Sept. 12.