Osaka Gas USA Corp. is seeking FERC approval to purchase 20% equity interest in CPV Shore Holdings LLC from CPV Shore Investment for undisclosed terms.
In a Dec. 21 application to FERC, the Osaka Gas Co. Ltd. subsidiary is proposing to make an indirect equity investment in CPV Shore, which owns and operates the 795-MW, combined-cycle Woodbridge Energy Center in Middlesex County, N.J.
Located in the PJM East, AP South and 5004/5005 submarkets of PJM Interconnection LLC, the facility sells its output at market-based rates. CPV Shore Investment currently owns 57.53% of the class A membership interests in CPV Shore Holdings.
FERC was asked to approve the deal by Feb. 6, 2017. (FERC Docket No. EC17-52)