Archived News Articles from 2005

December 6, 2005

Energy Investors Funds’ US Power Fund II Acquires Tierra Energy
Acquisition Demonstrates Fund’s Strong Commitment to Wind Sector

Energy Investors Funds today announced that its United States Power Fund II, L.P. has acquired a majority interest in Tierra Energy LLC, an Austin-based aggregator of natural gas-fired generation facilities and developer of wind farms.  more

November 7, 2005

Energy Investors Funds Closes Sixth Fund With$750 Million
Fund Surpasses Target and Reaches Hard Cap in Less Than 12 Months

Energy Investors Funds, an established private equity fund manager that invests in the U.S. energy and electric power sector, today announced the successful closing of the firm’s sixth institutional fund, the United States Power Fund II, L.P. with $750 million in commitments, exceeding the $500 million target established for the fund.  more 

October 10, 2005

Energy Investors Funds Sells 24 Percent Stake In Crockett Cogeneration Project
USPF I Retains 29 Percent Interest, including General Partner Role

Energy Investors Funds, today announced that its Energy Investors Fund, L.P. and its Energy Investors Fund II, L.P. closed on the sale of their combined 24.3 percent limited partnership interests in Crockett Cogeneration (Crockett) to GE Energy Financial Services, which increased its ownership interest to approximately 53 percent.  more

August 29, 2005

Energy Investors Funds Acquires Glen Park
Hydroelectric Project
Transaction is the Firm’s Second in New York’s Black River Region

Energy Investors Funds, on behalf of United States Power Fund, L.P. and United States Power Fund II, L.P., have acquired the Glen Park Hydroelectric Project located on the Black River near Watertown, NY.  Operating since 1986, Glen Park is a 32MW run-of-the-river generating facility.  more

July 21, 2005

Energy Investors Funds and Starwood Capital Group to Finance Neptune Undersea Transmission Cable
Cable to Transmit Energy from New Jersey to Power Constrained Long Island

Energy Investors Funds, on behalf of United States Power Fund, L.P. and United States Power Fund II, L.P., and Starwood Energy Investors LLC, an affiliate of Starwood Capital Group Global LLC, announced that they had closed a $73 million and $24 million equity investment, respectively, to finance the construction and operation of the Neptune Regional Transmission System, a 65-mile, 660MW undersea High Voltage Direct Current transmission cable connecting Long Island with New Jersey.   more

March 22, 2005

Energy Investors Funds Announces $295 Million Bond Financing for Crockett Cogeneration
Bond Issue Receives Investment-Grade Ratings From Moody’s and Standard Poor’s

Energy Investors Funds, an established private equity fund manager that invests in the energy and electric power sector, today announced that Crockett Cogeneration – which was acquired by its US Power Fund, L.P. in November 2002 – has tapped the bond market for a $295 million 20-year Senior Secured Rule 144a Notes issuance.     more

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