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FERC clears Emera sale of 3 New England gas-fired plants to Carlyle

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FERC clears Emera sale of 3 New England gas-fired plants to Carlyle

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)