Lotus Completes Purchase of Dighton & Milford Facilities

HOUSTON-September 22, 2017 –  Dynegy Inc. (NYSE: DYN) has closed on the sale of its Dighton and Milford energy facilities to an investment affiliate of Starwood Energy Group Global, LLC, an energy infrastructure investment firm that specializes in value-add power generation, transmission and storage energy projects. The purchase price for the facilities was $119 million.

The transaction, undertaken to address Federal Energy Regulatory Commission (FERC) concerns about competition in the ISO-NE’s Southeastern New England capacity zone, received the required approval from FERC on September 19 2017.

The transaction includes the 177 MW (year-round average rating) Dighton energy facility located in Dighton, MA and the 163 MW (year-round average rating) Milford energy facility located in Milford, MA.