Arcapita and Fulcrum Announce Acquisition of 800MW Texas Generation Facility
Arcapita Inc., a leading private equity investment firm, announced Monday that it and its affiliates, together with Fulcrum Power Services L.P., a premier provider of energy management services, have signed a definitive purchase agreement to acquire the Bosque power generation facility from LS Power Group. Terms of the transaction were not disclosed.
Located in Laguna Park, Texas, the Bosque facility commenced operations as a natural gas fired power plant in 2000, and is currently undergoing conversion to a combined cycle facility with a capacity of over 800 megawatts. Bosque sells its energy and ancillary services into the Texas power market.
ConsumerPowerlinea leading strategic energy asset management firm, today announced the appointment of Gary D. Fromer to the position of chief executive officer. Fromer will assume leadership responsibilities for the company, including the advancement of its service portfolio and its continuing expansion plans. He takes the reins from the company's founder, Mike Gordon, who will transition to the role of chief strategy officer and remain a member of ConsumerPowerline's Board of Directors.