Rockland Capital Announces Acquisition of Michigan Power LP, LLC
HOUSTON, TX – October 6, 2015 — Rockland Capital, LLC (“Rockland”) announced today that Wolverine Power Holdings, LLC, a subsidiary of Rockland Power Partners II, LP, has entered into an agreement to acquire 100% of the interests in Michigan Power LP, LLC (“Michigan Power”), the owner of a cogeneration facility located in Ludington, Michigan.
Wolverine Power Holdings, LLC is acquiring the project from affiliates of ArcLight Capital Partners, LLC.
Michigan Power is a fully contracted, 125 MW natural gas-fired combined cycle cogeneration plant that sells 100% of its electric output to Consumers Energy Company under the terms of a long-term Power Purchase Agreement. Additionally, the project supplies steam and compressed air to Occidental Chemical Corporation’s Ludington plant under the terms of a Steam Sales Agreement.
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 Power Partners II, and has offices in Houston and New York. For further information visit www.rocklandcapital.com.