Wells Fargo Securities served as financial advisor to Sempra Energy on the sale of its non-utility U.S. natural gas storage facilities to an affiliate of ArcLight Capital Partners for $328 million in cash.
Private equity firm ArcLight Capital Partners affiliate, Chelsea Petroleum, completed the purchase of Gulf Oil from Cumberland Farms.
American Midstream closed the acquisition of a 25% interest in Delta House from ArcLight Capital. Subsequently, the company’s amendment to increase its revolver to $750 million was approved by a bank group led by Bank of America serving as administrative agent.
Competitive Power Ventures, GE Energy Financial and Arclight Capital announced they have closed financing arranged by GE Capital Markets for the $842 million CPV Woodbridge Energy Center in New Jersey.