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HOUSTON, TX, Feb 8, 2007 -- Rockland Capital
Energy Investments, LLC ("Rockland") announced
today that its affiliate, RC Cape May Holdings,
LLC, has completed the purchase of the B. L.
England Power Station from Atlantic City Electric
Co., a subsidiary of Pepco Holdings, Inc. (NYSE:
POM).
B.L. England is located in Beesley's Point,
Upper Township, Cape May County. The plant provides
approximately 450 megawatts of generating capacity
from three generating units. Two units burn
coal and the third unit burns oil.
Rockland plans to invest additional capital
on pollution control technologies that will
significantly reduce the station's SO2, NOx
and mercury emissions.
"Reducing B. L. England's emissions to levels
set by the New Jersey authorities will allow
Rockland to keep the station running well into
the future, providing local jobs, support to
the tax base and greater energy security to
southern New Jersey," said Scott Harlan, Managing
Director of Rockland.
"B. L. England represents a great opportunity
for Rockland. The investment is consistent with
our continuing strategy of creating value for
investors through the active management and
optimization of power generation assets."
Rockland Capital Energy Investments, a private
energy investment company founded in 2003, focuses
on the acquisition, development and optimization
of companies and projects in the North American
and European energy sectors. For more information
visit www.rocklandcapital.com.
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