Rockland Capital Completes Purchase of B.L. England Power Station
HOUSTON, TX – February 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.”
About Rockland Capital
Rockland Capital, a private equity firm founded in 2003, is focused on the acquisition, optimization and development of companies and projects in the North American power sector. The firm manages Rockland Power Partners and Rockland Capital Energy Investments and has offices in Houston and New York.