The transaction involves the transfer of ownership of various natural gas-fired power plants, battery storage systems, and power marketing entities.
FERC authorization is requested for sales in the Northwest, CAISO, and BANC markets, rectifying inadvertent sales outside current tariff regions.
BofA’s acquisition makes it a top GenOn owner, alongside distressed debt and private equity investor Strategic Value Partners and investment management firm MacKay Shields.
The purchase advances the Texas-based retail electric service provider’s plans to expand into other markets.
The deal for gas-fired and storage assets would mark a significant expansion for Partners Group Holding’s CAISO portfolio.
Citi Prepaid gains approval to sell energy, capacity, and ancillary services, joining Citigroup Energy Inc. and Citigroup Commodities Canada ULC.
