Essential Power LLC is a ring-fenced, special-purpose entity that owns 1,721 megawatts (MW) of nominal generation capacity spread among gas-fired and hydroelectric assets in the Pennsylvania-New Jersey-Maryland (PJM) Interconnection and the Independent System Operator-New England (ISO-NE) regions. Australian pension fund manager Industry Funds Management owns 100% of the company. Essential Power has a $565 million term bank loan ($540.6 million outstanding as of Sept. 30, 2014) due 2019 and a $100 million revolving credit facility due 2017. The portfolio consists of the following subsidiaries: Newington, a 540 MW combined-cycle gas turbine (CCGT) in Newington, N.H. Lakewood, a 246 MW CCGT in Lakewood, N.J. Ocean Peaking Power, a 351 MW peaking combustion turbine in Lakewood, N.J. Rock Springs. a 352 MW
