April 22, 2025

Private equity firm Atlas Capital Resources wins FERC approval to buyout J-POWER’s 62% stake in Texas gas plant

The 880-MW Frontier Generating Station is strategically connected to ERCOT and MISO.

Ownership Shift: FERC has authorized a unit of Atlas Capital Resources GP IV LLC to acquire a 62% stake in the holding company that owns the 880-MW Tenaska Frontier gas plant from J-POWER USA Generation Capital LLC, according to an April 17 order. Through the deal Atlas Capital Resources will hold majority ownership, with the remaining interests held by Tenaska ...

Details:

Filing Date: April 17, 2025

Docket Numbers:

EC25-16

Short Summary:

FERC has authorized a unit of Atlas Capital Resources GP IV LLC to acquire a 62% stake in the holding company that owns the 880-MW Tenaska Frontier gas plant from J-POWER USA Generation Capital LLC, according to an April 17 order.

Impact Level:

Categories:

Dealmaking & Transactions

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

Entities: Atlas GP Global Holdings LLC, Electric Power Development Co. Ltd.

Markets: Electric Reliability Council of Texas (ERCOT), Midcontinent Independent System Operator (MISO)

Regions: Texas

States: Texas

Regulators: FERC

Courts:

Documents:

Acquisition & Disposition – Application – Order Approving