UPDATE: Starwood Energy Group To Acquire Quail Run Energy Center

 Starwood Energy Group Global, LLC, a leading private investment firm focused on energy infrastructure, announced today that an affiliate has entered into an agreement with affiliates of Exelon Corp. to acquire a natural gas combined cycle electric power generating  facility in Odessa, Texas. The electric power generating facility, located in the Permian Basin region of west Texas, began commercial operations in 2007 and has a nominal capacity of 550 megawatts. The facility provides electric power to the Electric Reliability Council of Texas (ERCOT) system, a power market serving 24 million Texas customers and representing about 90 percent of the state's electric load. The transaction is subject to customary conditions and regulatory approvals and is expected to close in the fourth quarter of 2014. Financial terms of the transaction were not disclosed.