Quantum Utility Generation, LLC Enters Agreements with Rockland Capital for Two Combined Cycle Facilities
Houston, TX – September 15, 2016
Quantum Utility Generation, LLC (“QUG”) announced today that its affiliates have entered into agreements to sell 100% of their interests in a combined cycle cogeneration facility located in Clark County, Nevada (“NCA2”) and a dual-fuel combined cycle facility located in Pasco County, Florida (“Pasco”) to one of the funds of Rockland Capital, LLC.
NCA2 is a fully contracted, 85 MW natural gas-fired Qualifying Facility that sells 100% of its electric output to Nevada Power under the terms of a long-term Power Purchase Agreement. Additionally, the project supplies hot exhaust gas and chilled water to Pacific Coast Building Products’ gypsum facility under the terms of an Energy Purchase Agreement.
Pasco is a fully contracted, 121 MW dual-fuel combined cycle plant that sells 100% of its electric output to TECO under the terms of a Tolling Agreement.
For additional information, please contact:
Jason Pillai, QUG Chief Commercial Officer, at 713-485-8630