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Delta Power is an alpha company when it comes to developing, acquiring, financing, and managing independent power projects throughout the US. The company has interests in 26 primarily fossil-fueled power plants in eight states with a combined generating capacity of more than 2,700 MW. It sells its electricity through wholesale contracts with regional utility companies and on the spot market. Subsidiary Delta Power Services provides operation and maintenance services. In 2005 the company sold two hydroelectric plants to Brascan Power for $31.4 million. In 2006 Delta Power agreed to be acquired by Bear Stearns unit Arroyo Energy, LP.
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| | | Contact Information | |
Address: |
67 Park Place East
Morristown, NJ 07960
| | Phone: | 973-889-9100 | | Fax: | 973-889-0020 |
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| Financial
Highlights | | Revenue (2005): | 61.40 M | | Employees (2005): | 224 |
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Key People
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President:
Dean N. Vanech
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SVP Finance:
Richard G. Vicens
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