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Investor group closes deal for passive stake in 669-MW NJ plant

An investor group has acquired indirect passive equityinterests in the approximately 669-MW West Deptford combined-cycle, natural gas-fired facilityin Gloucester County, N.J.

FERC approved the transaction July 26, and the investor group,consisting of MarubeniCorp., ULLICOInc., PrudentialFinancial Inc., Arctic Slope Regional Corp. and , notified thecommission of its completion Sept. 13, according to a Sept. 23 filing.

The investor group now owns class A interests of thefacility, while an affiliate of LS Power Group holds the class B membership interests.(EC16-132)