AltaGas Closes Acquisition of PE-Backed Blythe Energy
AltaGas Ltd., a Calgary-based energy infrastructure business, has completed its previously-announced buy of Blythe Energy LLC, which owns a 507 megawatt natural gas-fired plant as well as a 67 mile electric transmission line in Southern California. The acquisition was priced at US$515 million. Blythe Energy was a portfolio company of New York-based LS Power Equity Advisors, a private equity investor in the energy and power industry.
20 May 2013•3 mins read
