Joint venture to buy 230-MW Borger plant in Texas from First Reserve

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.

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.