The portfolio consists of Hazleton, a 158MW peaking facility in Pennsylvania; Syracuse, a 103MW combined cycle facility in New York; and Beaver Falls, a 108 MW cogeneration combined cycle facility in New York.
Hazleton sells capacity and energy into the PJM power market which serves 13 states and the District of Columbia. Syracuse and Beaver Falls sell capacity and energy into the NYISO power market which serves the state of New York.
The transaction is subject to customary conditions and regulatory approvals and is expected to close in the first quarter of 2015. Financial terms of the transaction were not disclosed.
