They strive to utilize a disciplined investment approach focused on acquiring and developing interests in high quality assets, contracts and businesses primarily in the following sectors: infrastructure. Since 2005, the Firm has raised over $8 billion in commitments, utilizing this capital to build and acquire investment platforms across multiple energy sub-sectors.
With offices in Short Hills, New Jersey and San Diego, California, Energy Capital Partners seeks to leverage its team’s decades of energy experience in investing and managing energy infrastructure assets and businesses to serve its investors and portfolio companies.
|Power Generation||Fossil fuel generation and renewable energy facilities|
|Midstream Oil & Gas||Gas storage, pipelines and other related assets|
|Electric Transmission||New and existing lines|
|Energy Equipment & Services||Manufacturing, construction and services related to the energy industry|
|Environmental Services||Assets addressing environmental challenges of fossil and nuclear power generators|
|Other Energy Related Assets||Other products and services supporting the power, oil and natural gas sectors as well as energy efficiency and construction platforms|
Recent news: In early March, Dominion Resources sold three power plants totaling 4.1 gigawatts of capacity to Energy Capital Partners. After stripping out tax benefits, the implied underlying price paid per kilowatt of capacity was just over $100. In contrast, the Department of Energy estimates the cost of building a new coal-fired plant at about $3,000 per kilowatt.
Doug Kimmelman, founder of Energy Capital, says the majority of the value in the deal with Dominion related to a 1.2-gigawatt plant in Kincaid, Ill. It was recently fitted with equipment to control sulfur dioxide emissions and sells power into the regional electricity market served by the PJM Interconnection transmission system. (WSJ, 3/31/2013, Energy Capital Partners)
The Department of Justice and the U.S. Environmental Protection Agency (EPA) announced today that Dominion Energy has agreed to pay a $3.4 million civil penalty and spend approximately $9.8 million on environmental mitigation projects to resolve Clean Air Act (CAA) violations.