Financial close occurred on February 13, 2008. The purchase price was not disclosed by either of the two parties.
The Commonwealth Chesapeake power station delivers energy to the PJM regional power reliability grid serving large areas in the East, Northeast and Midwest regions of the US.
The plant includes seven simple-cycle, oil-fueled turbine electric generator sets able to produce 315MW of electricity, enough to meet the energy needs of approximately 300,000 households. The facility also provides spinning reserve capacity from four of its turbines, contributing to the reliability of the regional grid.
The plant was built on a 126-acre tract on the Delmarva peninsula in two phases, the first in 2000 and second in 2001. It has been operated by TPF Operations, an affiliate of Tenaska Energy.
