STAMFORD, Conn.--(BUSINESS WIRE)--Louis Dreyfus Highbridge Energy LLC (“LDH Energy” or the “Company”) announced that it has acquired, through one of its subsidiaries, an electric power generation facility located in Rensselaer, New York (“Rensselaer” or the “Facility”) from Rensselaer Holdings, LLC.
Rensselaer is an 80 megawatt combined cycle facility using a Westinghouse combustion turbine, Zurn heat recovery steam generator, and Mitsubishi steam turbine. The Facility has dual-fuel capability using natural gas or oil. Rensselaer interconnects into the New York Independent System Operator in Zone F and is located near Albany, New York.
“The acquisition of Rensselaer is an important step in building our portfolio of power generation assets,” said Michael Dowling, LDH Energy’s Head of Business Development and President of the Company’s assets business. “This acquisition is representative of our investment philosophy of deploying capital in attractive markets where our merchant activities provide us with market insight. Rensselaer is our second acquisition to close in 2012, and we continue to look for additional opportunities to invest across the energy industry.”
Locke Lord LLP served as legal counsel to LDH Energy in the transaction.
About LDH Energy
LDH Energy is a diversified merchant energy company with integrated operations involving the marketing and merchandising of energy commodities and the ownership and operation of energy-related infrastructure assets. The Company markets a broad range of physical commodities, including natural gas, natural gas liquids, refined products, crude oil, electric power, and coal, and financial instruments related to energy commodities. LDH Energy is the merchant energy platform of the Louis Dreyfus Group and the multi-strategy hedge fund of Highbridge Capital Management, LLC. LDH Energy is headquartered in Stamford, Connecticut, with offices in Houston, Texas; Calgary, Canada; Lausanne, Switzerland; Montevideo, Uruguay; Shanghai, People's Republic of China; and Singapore.