The four companies that will control power plants to be bought from American Electric Power (NYSE: AEP) – Gavin Power LLC, Darby Power LLC, Lawrenceburg Power LLC and Waterford Power LLC – filed Jan. 5 notices at the Federal Energy Regulatory Commission of their status as exempt wholesale generators (EWGs).
These companies are wholly-owned subsidiaries of Lightstone Generation LLC. Lightstone Generation is an entity formed by ArcLight Energy Partners Fund VI LP, Blackstone Energy Partners II NQ LP and Blackstone Capital Partners VII NQ LP. The Blackstone companies are both subsidiaries of The Blackstone Group LP. Lightstone is buying four power plants from AEP Generation Resources Inc. and AEP Generating Co.
The Jan. 4 EWG notices were from:
- Darby Power, which said that in connection with the consummation of this transaction, Lightstone Generation will contribute the ownership interests in the Darby facility, a 471 MW, six-unit natural gas-fired simple-cycle generating station located near Mount Sterling, Ohio, that began commercial operation in 2001 to the applicant.
- Gavin Power, which will get the Gavin facility, a 2,665-MW, two-unit coal-fired station located in Cheshire, Ohio that began commercial operation in 1974.
- Lawrenceburg Power, which will get the ownership interests in the Lawrenceburg facility, a 1,120-MW natural gas-fired combined-cycle station located in the City of Lawrenceburg, Indiana, that began commercial operation in 2004. Prior to the facility’s transfer to AEP Generating in 2007, PSEG Lawrenceburg Energy Co. LLC, the facility’s former owner, was registered as an EWG. PSEG Lawrenceburg cancelled its EWG registration in 2007.
- Waterford Power, which will get the ownership interests in the Waterford facility, an 866-MW natural-gas fired combined cycle station located in Waterford Township, Washington County, Ohio, that began commercial operation in 2003. Prior to the facility’s transfer to AEP Generation Resources in 2005, PSEG Waterford Energy LLC, its former owner, was registered as an EWG. PSEG Waterford cancelled its EWG registration in 2005.
FERC has not yet acted on an application for approval of this power plant purchase deal.
