Carlyle Power Partners sells Cedar Bay Florida Power & Light for $520.5

Carlyle Power Partners, a Carlyle Group investment unit, has closed its sale of Cedar Bay Florida Power & Light Company for $520.5 million. Jacksonville, Florida-based Cedar Bay is a 250 MW coal-fired power plant. Carlyle acquired Cedar Bay as part of its December 2012 acquisition of Cogentrix Energy. Carlyle Power Partners, led by Robert Mancini and Matthew O’Connor, invests in power generation and related assets, primarily in North America.