Harbert Management Corp., a private alternative asset manager based in Birmingham, Alabama, has acquired Mid-Georgia Cogen, a roughly 323 MW dual-fuel combined-cycle cogeneration facility in Kathleen, Georgia.
The plant began operating in 1998 and sits just south of Macon near Robins Air Force Base. It has run as a peaker for Georgia Power and recently secured a new 20-year power purchase agreement with the utility that begins in 2028. Mid-Georgia Cogen also delivers thermal output to an adjacent Frito-Lay manufacturing plant, which uses the steam for frying and cooking as well as space and water heating, according to filings at the Federal Energy Regulatory Commission.
Harbert declined to disclose the purchase price or other terms. The Georgia Public Service Commission approved the transaction last month.
Claude Estes, head of Harbert Power, said the firm is focused on ways it can support partners in the state as they manage significant load growth. That growth is substantial. Southern Company, the parent of Georgia Power, recently reported total contracted large load across its territory has reached 17 GW, a figure driven largely by data center development.
FERC filings describe the Mid-Georgia facility as two 107 MW Westinghouse Type 501 D5A combustion turbine generator sets, two unfired heat recovery steam generators, a nominal 105 MW extraction and condensing steam turbine generator, a nominal 1.2 MW back pressure steam turbine generator, a cooling tower, a backup boiler, and related equipment.
Harbert Power says it has deployed more than $13 billion in capital across renewable energy, dispatchable generation, and distributed generation over four decades, and held approximately $7.9 billion in regulatory assets under management as of July 31.
Source: Utility Dive - https://www.utilitydive.com/news/harbert-acquires-cogenerating-heat-power-plant-in-georgia/828833/