top of page


Tenaska Seeks Full Control of Texas Gas-Fired Plant

Jan 7, 2022

Source: Inframation

Tenaska Energy, Inc, is seeking to buy out Osaka Gas Co’s 40% stake in an 845 MW natural gas-fired generation facility in Texas, Federal Energy Regulatory Commission (FERC) filings show.

Approval of the transaction, alongside a separate deal with Diamond Generation Corporation (DGC) currently before the commission, would boost Tenaska’s interest in the Rusk County facility from a roughly 32% minority stake to full control.

The deal would transfer Osaka’s 0.4% general partnership stake in Tenaska Gateway Partners, Ltd to Tenaska VII Partners, and its 39.6% limited partnership stake to Tenaska Gateway Investments, ending the Japan-based corporation’s affiliation with the project.

Tenaska has separately requested FERC approval to purchase DGC’s 28% ownership interest in Tenaska Gateway Partners, Ltd, as previously reported.

Whitehall & Company served as sole advisor to both Osaka and DGC on the deal, as reported by SparkSpread in May.

Tenaska is requesting approval of its deal with Osaka by 18 February. 

The Gateway facility sits at the intersection of the Southwest Power Pool (SPP) market and the Electric Reliability Council of Texas (ERCOT) grid and is interconnected with both transmission networks.

The plant’s output is fully committed to Shell Energy North America LP in the SPP market through December 2023, under a 22.5-year long-term power purchase agreement.

The transaction does not raise horizontal market power concerns, since Tenaska is increasing its existing indirect stake in the facility, the holding company argues in the filing.

News by date

Nov 03, 2022

Lordstown Energy Center receives $1.2 billion in funding to build second plant

Jul 18, 2022

FGE Power Announces Sale of FGE Goodnight Wind Farm Project to Omega Energia

Jul 13, 2022

All fired up. New energy plant in Niles operating at 100% capacity

Jul 11, 2022

New 1.1-GW GE-Powered Gas-Fired Plant Enters Service in Michigan

May 31, 2022

APP Jet Center acquires FBO operations at Witham Field Airport in Stuart, Florida


Jan 11, 2022

Ridgewood Infrastructure Announces Acquisition of APP Jet Center


Jan 07, 2022

Tenaska seeks full control of Texas gas-fired plant

Jan 05, 2022

Tenaska to buy out gas plant stakes

August 24, 2021

Texas wind project raising cash equity

August 24, 2020

Competitive Power Ventures, GE Energy Financial Services, Osaka Gas USA, Axium Infrastructure and Harrison Street Close Financing on CPV Three Rivers Energy Center

August 24, 2020

Three Rivers Consortium Reaches Financial Close

May 19, 2020

Hickory Run Energy Commences Commercial Operations May 18, 2020

April 20, 2020

1,100-MW Cricket Valley CCGT plant starts operations in NY

October 22, 2018

Starwood Energy agrees to sell a 51% interest in Horse Creek and Electra Wind Farm to Skyline Renewables

October 9, 2018

Lordstown Energy Center Begins Commercial Operation, Names Drew Schneider Plant Manager

August 28, 2018

Kings Mountain Energy Center Begins Operations

January 10, 2018

Carroll County Energy Begins Commercial Operations 


September 27, 2016

Ohio Approves 1,105 MW NatGas-Fired Plant

September 14, 2016

Marubeni-led group closes N.J. power plant deal

April 26, 2016

Starwood Energy to Acquire Greenleaf 1 & 2 Facilities from MUFG

April 06, 2016

Macquarie-Led Consortium Enters Agreement to Construct Lordstown Energy Center

March 11, 2016

NTE Energy Closes Financing for its Second 475 MW Project

August 05, 2015

ReneSola and Pristine Sun to Form Joint Venture to Accelerate U.S. Project Development

April 07, 2015

Advanced Power Closes Financing of $899 Million Carroll County Energy Project in Ohio

July 22, 2014

NTE Energy Secures Investment for Three Natural Gas-Fired Generation Projects Totaling Up to 1,470 MW

June 16, 2014

Northwestern Mutual acquires stake in Neptune Regional Transmission System from Starwood Energy


bottom of page