Tenaska Power Fund has completed its sale of the Commonwealth Chesapeake Power Station in
Financial close occurred on February 13, 2008. The announcement was made jointly by Paul Smith, Senior Managing Director of Tenaska Capital Management, LLC, manager of TPF, and Karl Usami, president and CEO of Tyr Energy.
J.P.Morgan Securities Inc. served as advisor to TPF and Fieldstone Private Capital Group served as advisor to Tyr Energy on the transaction. The purchase price was not disclosed.
Commonwealth Chesapeake Power Station delivers energy to the PJM regional power reliability grid serving large areas in the East, Northeast and