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Article: ArcLight Acquires Energy Trading and Marketing Business From Progress Energy.
- Article from:
- PR Newswire
- Article date:
- July 10, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOSTON, July 10 /PRNewswire/ -- ArcLight Capital Partners, LLC ("ArcLight"), one of the world's leading energy investment firms, today announced the acquisition of certain trading and marketing contracts and related assets from Progress Ventures, Inc. ("PVI"), a subsidiary of Progress Energy, Inc. ArcLight Energy Marketing, LLC ("AEM") was formed to acquire the assets and expects to hire a majority of the PVI employees during the course of a 90-day transition period. AEM is indirectly owned by the ArcLight Liquid Energy Opportunities Fund, L.P., a specialized energy investment fund managed by ArcLight.
"The acquisition of the PVI trading and marketing business ...
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Article: Second Major Financing for ArcLight Capital ...
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... ... eight power and transmission projects owned by ArcLight Capital Partners. This is the second major financing led by GE ... objectives," said Dan Revers, Managing Partner of ArcLight Capital Partners. "Expanding our debt capital markets capabilities ...
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