Gulf Pacific Power, an affiliate of Harbert Management Corp. (HMC), has acquired a 65 percent indirect equity interest in Tenaska Georgia Partners (TGP) from Global Infrastructure Partners, a part of BlackRock.
TGP owns the Tenaska Georgia Generating Station, a 945-megawatt dual-fuel, simple-cycle natural gas peaking facility located in Franklin, Ga. The facility currently operates under a long-term tolling agreement with a subsidiary of Constellation Energy Corp., the nation’s largest producer of clean, reliable energy and the largest private-sector energy producer in the world.
“Tenaska Georgia is a critical source of reliable, dispatchable generation that has supported the region’s capacity needs for more than two decades,” said Claude Estes, head of Harbert Power. “We believe the facility is well-positioned to continue serving that role well into the future.”
Tenaska developed the facility and has managed its operations since the plant began comm
