The Carlyle Group (NASDAQ: CG) will purchase the Rhode Island State Energy Center (RISEC) from Entergy Corp. (NYSE: ETR) for $490 million, continuing the PE fund’s recent string of mid-market deals. The firm is making the deal alongside its Cogentrix Energy Power Management LLC portfolio company

Rhode Island State Energy Center is a natural gas fired plant based in Johnston, Rhode Island. Carlyle is making the investment out of the firm’s Carlyle Power Partners II and Carlyle Power Opportunities Capital Partners LP funds.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.