NJ Marcellus-Fired Red Oak Power Plant Sold to Investment Firm

Gas-fired power plants, both brand new and existing plants, are hot properties these days. We've covered several recent sales of existing gas-fired power plants in the Marcellus/Utica region (and beyond). Here's another one: investment firm Strategic Value Partners, LLC (SVP) announced yesterday that it's acquiring Red Oak Power, an 831-megawatt natural gas-fired combined-cycle generation facility located in Sayreville, New Jersey.

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