Avenue Capital Group acquires power plant owner and operator
February 18, 2016
An affiliate of Avenue Capital Group has acquired C.P. Crane from Talen Energy (NYSE: TLN), a North American energy and power generation company. C.P. Crane owns and operates a 399-megawatt coal-fired power plant near Baltimore. The deal supports mitigation measures required by the Federal Energy Regulatory Commission when it approved the transactions that formed Talen Energy.