Exit·Energy/Power Services·June 4, 2026
Blackstone sells Colorado Gas-Fired Power Plants to TransAlta
Comprising combined-cycle and peaking units, the portfolio serves load-serving entities in Colorado’s power generation market through operating generation assets.
TransAlta agreed to buy Colorado Gas-Fired Power Plants, gas-fired power generation plants in Colorado, from Blackstone.
Blackstone exits its investment in the generation assets through the sale.
The portfolio includes combined-cycle and peaking units used to supply electricity to load-serving entities across the state.
TransAlta is a Canadian independent power producer and will integrate the assets into its U.S. generation operations.
Terms were not disclosed, and no revenue, EBITDA, employee count, valuation or financing detail was released for the portfolio.