Avenue Capital
-
GasEnergy Storage Being Added to California Gas-Fired Peaker Plants
A North Carolina-based group that provides battery energy storage and software technology is set to co-locate 420 MWh of storage at four natural gas-fired facilities in California. Durham-headquartered FlexGen Power Systems on Jan. 17 said it would provide energy storage to Middle River Power (MRP), a Chicago, Illinois-based independent power company. MRP was created in […]
-
CoalCompanies End Effort to Buy Navajo Generating Station
The companies negotiating to purchase the largest coal-fired power plant in the southwestern U.S. have ended their pursuit, which means the 2,250-MW Navajo Generating Station (NGS) near Page, Arizona, remains scheduled to close by year-end 2019. Avenue Capital, a New York-based global investment firm focused on distressed assets, and Chicago-based Middle River Power on September […]
-
Coal
Potential Navajo Station Operator—Less Capacity Equals More Profit
The possible new operator of the largest coal-fired power plant in the western U.S. told Arizona regulators this week the company would run the Navajo Generating Station (NGS) at less than half its installed generation capacity in order to maintain profitability. An official for Illinois-based Middle River Power (MRP) also said the plant would operate […]
-
CoalNavajo Nation Negotiating Sale of West’s Largest Coal Plant
The Navajo Nation on July 12 said it has identified a potential buyer for the 2,250-MW Navajo Generating Station (NGS) in Arizona, the largest coal-fired power plant in the western U.S. The Navajo Nation Council, in a joint news release with the Navajo Nation’s Office of the President and Vice President, said the Hopi Tribe […]