Quantum Utility Generation Acquires ERCOT Development Portfolio from Navasota Energy
May 27, 2015 — Quantum Utility Generation, LLC (“QUG”, or “Quantum”) announced today that one of its affiliates has acquired a development portfolio of natural gas-fired peaker projects from Navasota Energy Services, LLC (“Navasota”). The 1,764 megawatt portfolio currently consists of three advanced-stage development projects located in Texas.
“Quantum is excited about the opportunity to partner with Navasota, a long-time leader in power plant development and asset management in Texas. We see a specific need in ERCOT for the addition of highly-efficient natural gas-fired peaking capacity to support the integration of large-scale renewable resources as well as to offer customers cost-effective protection from the price volatility that has dramatically impacted this market in the past and is expected to increase in the future.” said Sean O’Donnell, QUG’s President.