FERC allows Energy Transfer to sell 2 gas-fired power plants in Pennsylvania

The Federal Energy Regulatory Commission approved Energy Transfer LP's application to sell 100% equity interests in two natural gas-fired power plants in Pennsylvania to Archaea Energy LLC, a private equity-backed developer of biogas generation facilities.

Under the transaction (EC21-45), Energy Transfer subsidiary SemGroup LLC will transfer the equity interest in PEI Power LLC to Archaea Energy, according to a March 5 FERC order. PEI Power owns the 34-MW Archbald Cogeneration plant and the 50-MW Archbald Power Station, both in Lackawanna County, Pa.

The projects are interconnected to the PPL Electric Utilities Corp. transmission system within the PJM Interconnection balancing area.