HOUSTON, TX – July 5, 2017 – Rockland Capital, LLC (“Rockland”) closed the sale of a portfolio of PJM peaking plants to a fund managed by the Carlyle Group. The sale involved the 484 MW Elgin facility, the 349 MW Rocky Road facility and the 180 MW Tilton facility, all located in Illinois. Elgin and Rocky Road are located within the ComEd zone of the PJM region; Tilton is physically located in the MISO region but maintains firm psuedo-tie rights into the PJM region.
Rockland acquired these assets through two separate transactions during 2014 and 2015.
“This exit demonstrates execution on our strategy of investing in assets that require work to maximize their full potential, and exiting upon the completion of our commercial and operational agenda,” said Scott Harlan, Managing Partner of Rockland Capital. “These assets required a number of improvements upon acquisition, a key one being the implementation of reliable fuel solutions that allow the assets to operate successfully under PJM’s Capacity Performance reliability regime. This exit confirms our success in achieving that objective.”
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, Rockland Power Partners II, and Rockland Power Partner III and is located in Houston, Texas.