Carlyle Group LP (Nasdaq: CG) continues to stock its portfolio with energy assets as it picks up the Red Oak power generation facility in Sayreville, N.J.

Red Oak is a 823-megawatt (MW) natural gas-fired combined-cycle power plant. Energy Capital Partners, a private equity firm with $8 billion in capital commitments with offices in Short Hills, N.J. and San Diego, sold the plant.

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