Covert Generating sells

Michigan, US-based New Covert Generating Co., LLC is agreeing to sell its 1100MW, natural gas-fuelled combined-cycle generating plant to an independent power producer. Mach Gen, LLC will acquire New Covert Generating Co., LLC, the owner of the Covert Generating Plant located near South Haven, Michigan. The Covert facility is a natural gas-fuelled plant that sells power into the Midwest Independent System Operator market. The plant went into operation in 2004. The acquisition is subject to approval by various federal, state and permitting agencies, and is expected to close by the end of this year. Financial terms were not disclosed.
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