The Federal Energy Regulatory Commission on March 21 approved Emera US Holdings Inc.'s proposed sale of three natural gas-fired projects in New England to affiliates of Carlyle Group LP for $590 million.
The deal, first announced in November 2018, and involves the sale of the 492-MW Bridgeport Energy plant in Fairfield County, Conn., the 254-MW Rumford plant in Oxford County, Maine, and the 268-MW Tiverton plant in Newport County, R.I., all in the ISO New England market.
The Emera Inc. subsidiary sought FERC approval of the transaction in December 2018. (FERC docket EC19-35)