Dairyland Power to acquire Rocky Road Power Station and Elgin Energy Center from Avenue Capital for $217.5m.

Dairyland Power, a generation and transmission cooperative, agreed to acquire Rocky Road Power Station and Elgin Energy Center, two natural gas-fired power plant facilities, from Avenue Capital, a global investment firm, for $217.5m. “These strategic investments are essential to position Dairyland to meet the growing resource adequacy and reliability needs of rural communities. As we continue to develop a balanced, diversified energy portfolio to support increased demand across our service territory, these facilities will play a critical role in providing the flexible, dependable energy our members rely on every day,” Brent Ridge, Dairyland President and CEO.