Nov 21, 2024 – Order on 203 Filing
Date:
Nov 21, 2024
Proceeding Type:
203 Application: Carlyle Group (Nautilus) / Q-Generation (Trafigura)
Docket:
EC24-114
Brief Description:

FERC authorizes a transaction pursuant to which Q-Generation Partners will acquire 100% of the interests of CPP II Master Holdco, LLC (“CPP II”), a company indirectly owned by investment fund vehicles managed/advised by The Carlyle Group.  Following consummation of the transaciton, Nautilus Power, Bridgeport Energy LLC; Essential Power Massachusetts, LLC; Essential Power Newington, LLC; Rumford Power LLC; and Tiverton Power LLC (collectively, the “ISO-NE Companies”) will no longer be Related Persons to The Carlyle Group and will become Related Persons to Trafigura Trading LLC (whose upstream parent will own or control more than 10% of the equity interests in Q-Generation Partners). 

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