Cinergy WPS Power
Back
 |
Situational Analysis30 MW waste coal fired plant in Pennsylvania and $34 million of associated tax-exempt bonds purchased by Cinergy out of bankruptcy in 1999. Plant status converted from contract-based small power producer to merchant exempt wholesale generator.
Fieldstone Role
Fieldstone acted acted as exclusive financial advisor to Cinergy in connection with the sale of the plant and the associated bonds.
Feldstone performed an independent valuation, conducted a broad-based auction and negotiated the terms of the Purchase and Sale Agreement, resulting in a significant capital gain.
|
|---|---|