Showing posts with label PSEG Global. Show all posts
Showing posts with label PSEG Global. Show all posts

Thursday, December 9, 2010

BTU Power Company (chronologically, 1st of the ONLY 2 assets still exiting in their portfolio): PSEG Global Sale of CPC to BTU Power Company - May 21, 2004

"PSEG Global, along with its current partner, Marubeni Corporation, and former partner, Sithe Energy, built the Rades (II) plant with construction completed in May of 2002."
 "In May 2004, Global completed the sale of CPC for approximately $43 million in cash."
Comment: Based on the information contained in the following sources, BTU Power Company owns 60% of CPC's 471 MW (equaling, 283 MW)

Link: PSEG sale of Carthage Power Company to BTU Power Company (including excerpt from PSEG Securities and Exchange Commission - SEC - 10K filing)

BTU Power Company II (chronologically, irrelevant since it was DISPOSED over 3 years ago): PSEG Sale of MPC to BTU Power Company - October 4, 2004

Public Service Enterprise Group (PSEG) and BTU Power Compay (BTU) announced today (October 4) the signing of an agreement for BTU to purchase from PSEG Global its 50% equity interest in Meiya Power Company Limited (MPC).  BTU will pay approximately $220 million for the shares,.....

"PSEG Global is proud of its role in starting and expanding MPC and establishing it as one of the most successful independent power companies in Asia," said Robert Dougherty, president of PSEG Energy Holdings, Global's immediate parent company.
Link: PSEG sale of Meiya Power Company to BTU Power Company