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General News

Dec. 15, 2016

Ares agrees to sell Pio Pico Energy Center in Otay Mesa

The Pio Pico Energy Center is a 322-megawatt, gas-fired power facility located in Otay Mesa.

Ares Management, L.P. announced Tuesday that one of its funds has agreed to sell the Pio Pico Energy Center to institutional investors advised by J.P. Morgan Asset Management.

The Pio Pico Energy Center is a 322-megawatt, gas-fired power facility located in Otay Mesa.

The buyer was supported by its existing independent power platform, Southwest Generation. Terms of the transaction were not revealed.

The Ares unit developed, financed and constructed Pio Pico, which just began...

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