• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

LEP Holdings is Exploring a Potential Sale of Its 568 MW Power Generation Facility in Eddystone, PA

Posted on: Tuesday, 15 August 2006, 18:00 CDT

LEP Holdings, LLC has retained J.P. Morgan as its exclusive financial advisor in exploring a potential sale of its interest in Liberty Electric Power, LLC ("Liberty"), which owns and operates a nominal 568-megawatt, combined-cycle, natural gas-fired power generation facility in Eddystone, PA.

Liberty started commercial operation in May 2002 and has a full load heat rate of approximately 7,000 Btu/kWh. It provides its competitively priced power into PJM, a region characterized by high electricity demand. The facility is located on a Liberty-owned 25.5 acre site within a heavy industrial zone in the Borough of Eddystone, southeast of Philadelphia, PA. The site provides access to natural gas pipelines, electric transmission systems, water, wastewater disposal, highway transportation and labor resources to support existing capacity and potential future expansions.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.3 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com.

Source: Business Wire

More News in this Category