June 21, 2025

ArcLight Capital seeks FERC approval for stake in North Carolina gas plant

The deal would see ArcLight acquire a 25% stake in the 475-MW North Carolina natural gas plant.

Acquisition Application: ArcLight Capital Partners LLC, through its subsidiaries, is requesting clearance from FERC to acquire a 25% indirect ownership interest in the 475 MW Kings Mountain Energy Center (KMEC), a natural gas-fired power plant in North Carolina, from subsidiaries of Capital Dynamics Inc. Project Background: The 475-MW Kings Mountain Energy Center is a natural gas-fired power plant located in ...

Details:

Filing Date: June 17, 2025

Docket Numbers:

EC25-105

Short Summary:

ArcLight Capital Partners LLC, through its subsidiaries, is requesting clearance from FERC to acquire a 25% indirect ownership interest in the 475 MW Kings Mountain Energy Center (KMEC), a natural gas-fired power plant in North Carolina, from subsidiaries of Capital Dynamics Inc.

Impact Level:

Categories:

Dealmaking & Transactions

Tags: Acquisitions & Dispositions, Natural Gas, Natural Gas-Fired Generators

Entities: ArcLight Capital Partners LLC, Capital Dynamics Inc.

Markets: PJM Interconnection (PJM)

Regions: Mid-Atlantic & Midwest

States: North Carolina

Regulators: FERC

Courts:

Documents:

Acquisitions & Dispositions – Application