Osaka Gas USA, a wholly-owned subsidiary of Osaka Gas Co. Ltd., has acquired a 25.0% ownership interest from a subsidiary of Competitive Power Ventures and a 24.5% ownership interest from a subsidiary of GE Energy Financial Services of CPV Towantic Energy Center, a natural gas-fired power plant in Oxford, Connecticut.

 CPV Towantic Energy Center is a 785MW combined-cycle facility that has been in operation since May 2018. The facility serves ISO-New England, a wholesale electricity market covering 6 states in the New England region. It benefits from a 7-year lock-in capacity payment from ISO-New England that produces stable revenues.

 As laid out in its long-term management vision “Going Forward, Beyond Borders 2030,” Daigas Group* targets the US energy market as a strategic area for further growth in its international business segment.

* Osaka Gas Group is now Daigas Group

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