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Energy Capital Partners sells power generation company FirstLight Power Enterprises for $1.9bn03/09/2008. Source: AltAssets. 
 US private equity firm Energy Capital Partners has sold power generation company FirstLight Power Enterprises to SUEZ Energy North America. The size of the deal was not disclosed, but was reported to be worth around $1.9bn, including debt.
FirstLight owns and operates a portfolio of 15 power generation plants in Connecticut and Massachusetts. These include the Northfield Mountain pumped-hydro storage facility, the coal-fired Mt. Tom Station in and 13 additional predominantly hydro facilities along the Connecticut, Housatonic, Shetucket and Quinebag Rivers. The facilities have a combined capacity of 1,538 MW.
The company also has a natural gas peaking facility in advanced development and various expansion opportunities within its portfolio, according to a statement.
Energy Capital acquired a selection of generation assets in Connecticut and Massachusetts from Northeast Utilities for $1.34bn in November 2006.
The firm closed its inaugural fund in December 2006, on $1.34bn.
Energy Capital targets investments in the power generation, midstream gas, renewable and electric transmission sectors of North America's energy infrastructure.
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