Castleton Commodities International LLC (“CCI” or the “Company”) announced that it has closed on its acquisition, through one of its subsidiaries, of a dual fuel-fired electric power generating facility located in the Town of Newburgh in Orange County, New York (“Roseton” or the “Facility”) from Dynegy Inc.
Roseton is a 1,210 megawatt facility using tangentially fired CE steam boilers and GE 3600 RPM turbines and is capable of running on both natural gas and fuel oil. The Facility supplies power into the NYISO Zone G market, and is 43 miles north of New York City.
We are pleased to add Roseton to our growing portfolio of energy assets, and we look forward to using our expertise in the power markets to help maximize Roseton’s contribution to the stability and reliability of New York’s power pool,
said William C. Reed II, President and Chief Executive Officer of CCI.
"Roseton is our third power generation asset acquisition, and we continue to actively pursue additional investments in this space," added Herbert Quan, Vice President in CCI’s asset investments business."
Gibson, Dunn & Crutcher LLP served as legal counsel to CCI in the transaction.
ABOUT CASTLETON COMMODITIES INTERNATIONAL LLC
CCI (formerly Louis Dreyfus Highbridge Energy) is a global commodities merchant with an integrated set of operations consisting of the marketing and merchandising of commodities and the ownership, operations, and development of commodities-related upstream and infrastructure assets. The Company markets a broad range of physical commodities including natural gas, natural gas liquids, refined products, crude oil, fuel oil, freight, petrochemicals, electric power, and coal as well as financial instruments related to commodities. CCI is headquartered in Stamford, Connecticut, with offices in Houston, Texas; Denver, Colorado; Calgary, Canada; Lausanne, Switzerland; Shanghai, China; Singapore; and Uruguay.
CCI benefits from a rich history in commodities investing as well as a distinct culture of excellence. On December 31, 2012, the company was purchased by DF Energy Acquisition LLC, a private investment vehicle owned by Glenn Dubin, and a group of independent private investors representing some of the most sophisticated, experienced and respected minds in global finance and industry and renamed Castleton Commodities International LLC.
Castleton Commodities International LLC
Tel: (203) 564-8375