ArcLight will sell Michigan Power

ArcLight Capital Partners said that its two business units will sell all their shares of Michigan Power LP, LLC to Rockland Power Partners II, L.P.

Michigan Power is the owner of a cogeneration facility located in Ludington, Michigan to a subsidiary of Rockland Power Partners II, L.P.

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. The sale is expected to close by year end following receipt of customary approvals.