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Access Industries becomes active investor in Energy Capital Partners unit

Access Industries Inc. has converted its 13.8% passive stake in Volt Parent LP into active interest by exercising its option to expand its governance rights in the Energy Capital Partners LLC subsidiary.

The conversion took effect after the Energy Capital Partners-led group of investors acquired a 95.1% controlling stake in Calpine Corp. in a $5.6 billion private buyout.

The Federal Energy Regulatory Commission approved the transaction in mid-February. The parties closed the transaction on March 8. (FERC docket EC18-39)