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Infrastructure fund closes deal for stake in planned 750-MW plant

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Infrastructure fund closes deal for stake in planned 750-MW plant

Ullico Infrastructure Master Fund LP completed itsacquisition of a13.7% indirect stake in the planned 750-MW Towantic Energy Center, according to a Sept. 27 noticeto FERC.

The commission approved Ullico's purchase of the stake from subsidiaryAircraft Services Corp.on Sept. 22. The deal was consummated the same day.

Towantic Energy Center, a natural gas-fired combined-cyclepower plant, is being constructed in Oxford, Conn. According to S&P GlobalMarket Intelligence, the facility is expected to be complete by May 2018.Competitive Power VenturesHoldings LLC is also a co-owner of the plant, according to SNLEnergy data. (EC16-167)

UIF GP LLC, the general partner of Ullico InfrastructureMaster Fund, is a subsidiary of labor-owned insurance and financial servicescompany ULLICO Inc.