Middle River Power — 11 gas plants in California (9 peakers, 2 CCGTs) plus operating company
Partners Group agreed to acquire Middle River Power (portfolio of 11 California gas plants, 1.9 GW — 9 simple-cycle peakers + 2 CCGTs) from Avenue Capital Group for $2.2B enterprise value. Announced March 18, 2025. Critical CAISO reliability assets.
$2.20B
Deal Value
1,900MW
Capacity
Other
Technology
CA
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- Avenue Capital Group
- Buyer / Financier
- Partners Group
- Deal Value
- $2.2B
- Stage
- Operating
- ISO/RTO
- CAISO
- Source
- Middle River Power
Service Providers
Advisory & Legal
- Buyer Counsel
- Davis Polk & Wardwell
- Seller Counsel
- Latham & Watkins
- Seller Financial Advisor
- Guggenheim Securities, Morgan Stanley
- Financial Advisor
- Guggenheim Securities, Morgan Stanley
- notes
- Partners Group acquires 1.9 GW California gas portfolio from Avenue Capital. Announced Mar 18, 2025 (date corrected).
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