trending Market Intelligence /marketintelligence/en/news-insights/trending/ia9PvTkY1xO6LkhrK72NQg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Diamond Generating to sell stake in 924-MW Ala. gas plant

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Diamond Generating to sell stake in 924-MW Ala. gas plant

DiamondGenerating Corp. plans to off-load its equity interests in the924-MW (summer rating) TenaskaCentral Alabama natural gas-fired power plant in Autauga County, Ala.,and is seeking FERC approval in order to do so.

The MitsubishiCorp. subsidiary holds a 0.30% general partnershipinterest and a 46.875% limited partnership interests in Tenaska Alabama II PartnersLP, which owns and operate the power plant. Tenaska Energy Inc., which already owns a stake in thefacility, plans to acquire the interest for undisclosed terms, according to theapplication filed April 27.

The facility sells its output to subsidiaryShell Energy North America (US)LP under a 20-year contract expiring May 2023, according to SNLEnergy data.

Parties involved are seeking FERC approval by June 13.(EC16-108)