Summary: Essential Power LLC - S&P Global Ratings’ Credit Research

Summary: Essential Power LLC

Summary: Essential Power LLC - S&P Global Ratings’ Credit Research
Summary: Essential Power LLC
Published Jul 10, 2015
7 pages (2409 words) — Published Jul 10, 2015
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Essential Power LLC is a ring-fenced, special-purpose entity that owns 1,721 megawatts (MW) of nominal natural gas-fired and hydroelectric generation 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 (IFM Investors), owns 100% of the company. Essential Power has a $565 million term bank loan ($537.8 million outstanding as of April 1, 2015) due 2019 and a $100 million revolving credit facility due 2017. The portfolio consists of the following project 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

  
Brief Excerpt:

...Essential Power LLC is a ring-fenced, special-purpose entity that owns 1,721 megawatts (MW) of nominal natural gas-fired and hydroelectric generation 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 (IFM Investors), owns 100% of the company. Essential Power has a $565 million term bank loan ($537.8 million outstanding as of April 1, 2015) due 2019 and a $100 million revolving credit facility due 2017. The portfolio consists of the following project subsidiaries:...

  
Report Type:

Summary

Ticker
0221469D
Issuer
Nautilus Power LLC
GICS
Independent Power Producers & Energy Traders (55105010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Essential Power LLC" Jul 10, 2015. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Essential-Power-LLC-1415683>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Essential Power LLC Jul 10, 2015. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Essential-Power-LLC-1415683>
  
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