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FERC clears Ares EIF Management to sell stake in 4 coal-fired plants

The Federal Energy Regulatory Commission on Dec. 14 approved the application by SEIF-II U.S. Partnership Holdings II LLC to purchase stakes in a portfolio of coal-fired plants from Ares EIF Management LLC.

Under the transaction, SEIF-II U.S. subsidiary Excalibur Power LLC will purchase a 60% indirect interest in the 285-MW Chambers Cogeneration facility in Salem County, N.J., a 100% indirect interest in the 242.3-MW Logan facility in Gloucester County, N.J., and a 65% indirect interest in the Morgantown Energy Facility in Monongalia County, W.Va.

Additionally, SEIF-II U.S. will purchase a 59.6% interest in Plum Point Energy Associates LLC and that entity's share of the 720-MW Plum Point Energy facility in Mississippi County, Ark., and 100% interests in Plum Point Services Company LLC as well as Robert McNair's 35% interests in the Morgantown Energy Facility.

SEIF-II U.S. is owned by funds indirectly controlled by Starwood Energy Group Global LLC. (FERC docket EC18-13)