# Red Oak Power LLC

PJM Natural Gas Fired Combined Cycle · https://askthegrid.com/assets/facilities/red-oak-power-llc

Red Oak Power LLC is a natural gas-fired power facility with 821.1 MW of EIA-reported nameplate capacity in Middlesex County, New Jersey, registered as EIA Plant ID 55239. Red Oak Operating Services LLC is the registered plant entity or operator. Its grid role is reliability-oriented combined-cycle generation serving the constrained EMAAC zone of PJM; the owner describes the facility as providing critical reliability and having very low forced-outage rates.

## Key facts

- Technology: Natural Gas Fired Combined Cycle
- Power capacity: 821.0999999999999 MW
- Operating status: operating

## Grid and market context

- ISO/RTO: PJM
- Balancing authority: PJM Interconnection
- Substation: Red Oak A/B Substation
- Point of interconnection: Red Oak A/B Substation
- Transmission owner: Jersey Central Power & Light (JCP&L)
- Interconnection voltage: 230 kV

## Source-backed facts

- Owner logo domain: svpglobal.com — Red Oak Power — EverGen Power · confidence: medium
- Identifiers: [{"value":"55239","system":"EIA plant ID"},{"value":"PJM Interconnection","system":"ISO/RTO"},{"value":"EMAAC","system":"PJM market zone"},{"value":"ER01-2401-000","system":"FERC MBR docket"},{"value":"0001 (CC1)","system":"EIA/FERC generator"},{"value":"0002 (CC1)","system":"EIA/FERC generator"},{"value":"0003 (CC1)","system":"EIA/FERC generator"},{"value":"0004 (CC1)","system":"EIA/FERC generator"}] — Red Oak Power — EverGen Power · confidence: medium
- Official project url: https://evergenpwr.com/portfolio/red-oak/ — Red Oak Power — EverGen Power · confidence: high
- Owner name: Strategic Value Partners (SVP) — Red Oak Power — EverGen Power · confidence: medium
- Owner name: Strategic Value Partners (SVP) — SVP Announces Acquisition of Red Oak Power - SVP Strategic Value Partners · confidence: medium
- Description: Red Oak Power LLC is an operating natural-gas combined-cycle facility at 832 Red Oak Lane, Sayreville, Middlesex County, New Jersey. Commercial operation began in March 2002, and the facility participates in PJM, including the EMAAC zone. FERC/EIA records list four generators—0001, 0002, 0003, and 0004—under unit code CC1. — Source · confidence: high
- Description: Red Oak Power LLC is an operating natural-gas combined-cycle facility at 832 Red Oak Lane, Sayreville, Middlesex County, New Jersey. Commercial operation began in March 2002, and the facility participates in PJM, including the EMAAC zone. FERC/EIA records list four generators—0001, 0002, 0003, and 0004—under unit code CC1. — Red Oak Power — EverGen Power · confidence: high
- Identifiers.1: {"value":"PJM Interconnection","system":"ISO/RTO"} — Red Oak Power — EverGen Power · confidence: high
- Identifiers.2: {"value":"EMAAC","system":"PJM market zone"} — Red Oak Power — EverGen Power · confidence: medium
- Parties.0: {"relationship":"Ultimate owner","name":"Strategic Value Partners (SVP Funds)","official_url":"https://www.svpglobal.com"} — Red Oak Power — EverGen Power · confidence: medium
- Parties.3: {"relationship":"Asset manager","name":"EverGen Power","official_url":"https://evergenpwr.com"} — Red Oak Power — EverGen Power · confidence: medium
- Parties.4: {"relationship":"Technology OEM","name":"Siemens Westinghouse","official_url":null} — Red Oak Power — EverGen Power · confidence: medium
- Parties.5: {"relationship":"Previous owner / seller","name":"Morgan Stanley Investment Partners","official_url":"https://www.morganstanley.com"} — MSIP Agrees to Sell Red Oak Power Facility · confidence: medium
- Interconnection: Red Oak Substation on Jersey Central Power & Light Co.'s 230 kV transmission system in PJM — Source · confidence: medium
- Site acres: 62.7 — 832 Red Oak Ln, Sayreville, NJ 08872 | Zillow · confidence: medium
- Unit configuration: Four natural-gas combined-cycle generators under unit code CC1: three 180.2 MW combustion-turbine parts and one 280.5 MW steam part, configured as a 3x1 Siemens Westinghouse 501FD3 CCGT block. — Red Oak Power — EverGen Power · confidence: high
- Commercial operation date: 2002-03 — Red Oak Power — EverGen Power · confidence: high
- Construction scope: Combined-cycle facility comprising three Siemens Westinghouse 501F-family combustion turbine/generator sets, three heat-recovery steam generators, and one multicylinder steam turbine/generator. The current asset page identifies the configuration as 3x1 Siemens Westinghouse 501FD3; contemporaneous project reporting identifies Foster Wheeler as the HRSG supplier. — Red Oak Power — EverGen Power · confidence: medium
- Product url: https://www.siemens-energy.com/global/en/home/products-services/product/sgt6-5000f.html — SGT6-5000F Heavy-duty gas turbine (60 Hz) · confidence: medium
- Kind: thermal — Red Oak Power — EverGen Power · confidence: high
- Manufacturer domain: siemens-energy.com — Red Oak Power — EverGen Power · confidence: medium
- Equipment models: [{"manufacturer_domain":"siemens-energy.com","product_url":"https://www.siemens-energy.com/global/en/home/products-services/product/sgt6-5000f.html","count":3,"unit_mw":null,"name":"Siemens Westinghouse 501FD3 combustion turbine/generator sets"},{"manufacturer_domain":null,"product_url":null,"count":3,"unit_mw":null,"name":"Foster Wheeler heat-recovery steam generators (HRSGs)"},{"manufacturer_domain":null,"product_url":null,"count":1,"unit_mw":null,"name":"Multicylinder steam turbine/generator"}] — Red Oak Power — EverGen Power · confidence: medium
- Product family: Siemens Westinghouse 501FD3 / 501F family — Red Oak Power — EverGen Power · confidence: medium
- Manufacturer name: Siemens Westinghouse — Red Oak Power — EverGen Power · confidence: medium
- Equipment models.0: {"manufacturer_domain":"siemens-energy.com","product_url":"https://www.siemens-energy.com/global/en/home/products-services/product/sgt6-5000f.html","count":3,"unit_mw":null,"name":"Siemens Westinghouse 501FD3 combustion turbine/generator sets"} — Red Oak Power — EverGen Power · confidence: medium
- Significance: Red Oak is an 831 MW natural-gas combined-cycle facility that provides reliability in PJM’s constrained EMAAC zone in New Jersey. — Source · confidence: medium
- Description: Red Oak Power is an 831 MW, 3x1 natural-gas combined-cycle plant at 832 Red Oak Lane in Sayreville, Middlesex County, New Jersey. The facility uses Siemens Westinghouse 501FD3 technology and began commercial operation in March 2002. It was constructed by AES and subsequently owned by Energy Capital Partners, The Carlyle Group, and Morgan Stanley Infrastructure Partners. Strategic Value Partners announced an agreement to acquire the facility from Morgan Stanley Infrastructure Partners in July 2025; EverGen Power’s asset page lists SVP ownership at 100%. — Red Oak Power — EverGen Power · confidence: medium
- Quality notes: ["Published capacity figures vary by source: 831 MW on the current EverGen asset page, approximately 830 MW in 2012 ratings material, and 821.1 MW in plant data; this directory uses 831 MW from the current project page.","The July 2025 SVP transaction was announced as an agreement with an expected fourth-quarter 2025 closing; the cited transaction releases do not disclose sale consideration or an exact closing date. EverGen’s current asset page lists SVP ownership at 100%.","No separate expansion, repowering, or retirement milestone is identified in the cited history; the facility is described as operating and as a 2002-vintage plant."] — Red Oak Power · confidence: medium
- Quality notes: ["Published capacity figures vary by source: 831 MW on the current EverGen asset page, approximately 830 MW in 2012 ratings material, and 821.1 MW in plant data; this directory uses 831 MW from the current project page.","The July 2025 SVP transaction was announced as an agreement with an expected fourth-quarter 2025 closing; the cited transaction releases do not disclose sale consideration or an exact closing date. EverGen’s current asset page lists SVP ownership at 100%.","No separate expansion, repowering, or retirement milestone is identified in the cited history; the facility is described as operating and as a 2002-vintage plant."] — Strategic Value Partners Announces Acquisition of Red... · confidence: medium
- Quality notes: ["Published capacity figures vary by source: 831 MW on the current EverGen asset page, approximately 830 MW in 2012 ratings material, and 821.1 MW in plant data; this directory uses 831 MW from the current project page.","The July 2025 SVP transaction was announced as an agreement with an expected fourth-quarter 2025 closing; the cited transaction releases do not disclose sale consideration or an exact closing date. EverGen’s current asset page lists SVP ownership at 100%.","No separate expansion, repowering, or retirement milestone is identified in the cited history; the facility is described as operating and as a 2002-vintage plant."] — Source · confidence: medium
- Financing summary: The original project financing closed on 2000-03-15 through $384 million of senior secured bonds: $224 million of 8.54% bonds due 2019 and $160 million of 9.20% bonds due 2029. The estimated construction cost was approximately $446.4 million, financed by the bond proceeds, up to approximately $55.7 million of equity contributions, and expected liquidated-damages cash flow. The 2013 Carlyle release reported more than $1.2 billion of aggregate enterprise value across 11 power-facility acquisitions, but stated that financial terms for Red Oak were not released; the 2025 MSIP-to-SVP transaction releases likewise do not disclose consideration. These sale and portfolio figures are distinct from the original project financing. — Source · confidence: medium
- Financing summary: The original project financing closed on 2000-03-15 through $384 million of senior secured bonds: $224 million of 8.54% bonds due 2019 and $160 million of 9.20% bonds due 2029. The estimated construction cost was approximately $446.4 million, financed by the bond proceeds, up to approximately $55.7 million of equity contributions, and expected liquidated-damages cash flow. The 2013 Carlyle release reported more than $1.2 billion of aggregate enterprise value across 11 power-facility acquisitions, but stated that financial terms for Red Oak were not released; the 2025 MSIP-to-SVP transaction releases likewise do not disclose consideration. These sale and portfolio figures are distinct from the original project financing. — The Carlyle Group Completes Acquisition of Red Oak Power Generation Facility | Carlyle · confidence: medium
- Financing summary: The original project financing closed on 2000-03-15 through $384 million of senior secured bonds: $224 million of 8.54% bonds due 2019 and $160 million of 9.20% bonds due 2029. The estimated construction cost was approximately $446.4 million, financed by the bond proceeds, up to approximately $55.7 million of equity contributions, and expected liquidated-damages cash flow. The 2013 Carlyle release reported more than $1.2 billion of aggregate enterprise value across 11 power-facility acquisitions, but stated that financial terms for Red Oak were not released; the 2025 MSIP-to-SVP transaction releases likewise do not disclose consideration. These sale and portfolio figures are distinct from the original project financing. — MSIP Agrees to Sell Red Oak Power Facility | Morgan Stanley · confidence: medium
- Timeline.0: {"event":"Project company formed and development initiated","date":"1998-09-13","detail":"AES Red Oak was formed as a Delaware limited liability company to develop, construct, own, operate, and maintain the Sayreville generating facility."} — Source · confidence: high
- Timeline.2: {"event":"Project financing issued","date":"2000-03-15","detail":"AES Red Oak issued $384 million of senior secured bonds to finance construction and construction-period interest."} — Source · confidence: high
- Timeline.3: {"event":"Construction responsibility transferred to Raytheon","date":"2001-05","detail":"After Washington Group International filed for bankruptcy, Raytheon assumed the role of performing guarantor for completion of the project."} — Raytheon Co. v AES Red Oak, LLC :: 2005 :: New York Other Courts Decisions :: New York Case Law :: New York Law :: U.S. Law :: Justia · confidence: high
- Timeline.4: {"event":"Commercial operation","date":"2002-03","detail":"The 831 MW natural-gas combined-cycle facility began commercial operation in March 2002."} — Red Oak Power — EverGen Power · confidence: high
- Timeline.5: {"event":"Plant delivered and provisional acceptance achieved","date":"2002-08-15","detail":"Raytheon delivered the plant to AES Red Oak; a related settlement recognized provisional acceptance effective 2002-08-12 while certain completion work continued."} — Raytheon Co. v AES Red Oak, LLC :: 2005 :: New York Other Courts Decisions :: New York Case Law :: New York Law :: U.S. Law :: Justia · confidence: medium
- Timeline.7: {"event":"Acquisition by The Carlyle Group","date":"2013-11-07","detail":"The Carlyle Group completed its acquisition of Red Oak from Energy Capital Partners. Carlyle stated that transaction-specific financial terms were not released."} — The Carlyle Group Completes Acquisition of Red Oak Power Generation Facility | Carlyle · confidence: high
- Timeline.8: {"event":"Acquisition by Morgan Stanley Infrastructure Partners","date":"2017-07","detail":"Morgan Stanley Infrastructure Partners purchased Red Oak Power from The Carlyle Group."} — Red Oak Power LLC Senior Secured Series B Bonds U · confidence: medium
- Commercial parties.0: {"relationship":"Current ultimate owner and 2025 buyer","name":"Strategic Value Partners (SVP Funds)","detail":"SVP-managed funds agreed to acquire Red Oak from Morgan Stanley Infrastructure Partners in July 2025. EverGen’s asset page lists SVP ownership at 100%.","official_url":"https://www.svpglobal.com"} — Red Oak Power — EverGen Power · confidence: medium
- Commercial parties.3: {"relationship":"Asset manager and SVP power-generation partner","name":"EverGen Power","detail":"EverGen is the power-generation acquisition and asset-management platform supporting SVP’s investment; its asset page identifies the Red Oak configuration, market, and SVP ownership.","official_url":"https://evergenpwr.com"} — Red Oak Power — EverGen Power · confidence: medium
- Commercial parties.5: {"relationship":"Previous owner and 2013 buyer","name":"The Carlyle Group","detail":"Carlyle completed the November 2013 acquisition of Red Oak from Energy Capital Partners using equity capital from its Power and Infrastructure funds.","official_url":"https://www.carlyle.com"} — The Carlyle Group Completes Acquisition of Red Oak Power Generation Facility | Carlyle · confidence: high
- Commercial parties.9: {"relationship":"Technology OEM","name":"Siemens Westinghouse","detail":"The facility uses Siemens Westinghouse 501FD3 combined-cycle technology in a 3x1 configuration.","official_url":null} — Red Oak Power — EverGen Power · confidence: medium
- Commercial parties.10: {"relationship":"Tolling counterparty","name":"TAQA Gen X LLC","detail":"The plant sold capacity and energy to TAQA Gen X under a tolling agreement through 2020.","official_url":null} — AES Red Oak LLC 'BB-' Rating Affirmed On Sale To | S&P Global Ratings · confidence: medium
- Commercial parties.11: {"relationship":"Original power-purchase counterparty","name":"Williams Energy","detail":"The original project documentation included a power purchase agreement with Williams Energy, whose payment obligations were guaranteed by The Williams Companies.","official_url":"https://www.williams.com"} — Source · confidence: high
- Quality notes.0: Published capacity figures vary by source: 831 MW on the current EverGen asset page, approximately 830 MW in 2012 ratings material, and 821.1 MW in plant data; this directory uses 831 MW from the current project page. — Red Oak Power · confidence: medium
- Quality notes.0: Published capacity figures vary by source: 831 MW on the current EverGen asset page, approximately 830 MW in 2012 ratings material, and 821.1 MW in plant data; this directory uses 831 MW from the current project page. — Strategic Value Partners Announces Acquisition of Red... · confidence: medium
- Quality notes.0: Published capacity figures vary by source: 831 MW on the current EverGen asset page, approximately 830 MW in 2012 ratings material, and 821.1 MW in plant data; this directory uses 831 MW from the current project page. — Source · confidence: medium
- Quality notes.1: The July 2025 SVP transaction was announced as an agreement with an expected fourth-quarter 2025 closing; the cited transaction releases do not disclose sale consideration or an exact closing date. EverGen’s current asset page lists SVP ownership at 100%. — Strategic Value Partners Announces Acquisition of Red... · confidence: medium
- Quality notes.1: The July 2025 SVP transaction was announced as an agreement with an expected fourth-quarter 2025 closing; the cited transaction releases do not disclose sale consideration or an exact closing date. EverGen’s current asset page lists SVP ownership at 100%. — MSIP Agrees to Sell Red Oak Power Facility | Morgan Stanley · confidence: medium
- Quality notes.1: The July 2025 SVP transaction was announced as an agreement with an expected fourth-quarter 2025 closing; the cited transaction releases do not disclose sale consideration or an exact closing date. EverGen’s current asset page lists SVP ownership at 100%. — Red Oak Power — EverGen Power · confidence: medium
- Quality notes.2: No separate expansion, repowering, or retirement milestone is identified in the cited history; the facility is described as operating and as a 2002-vintage plant. — Source · confidence: medium
- Quality notes.2: No separate expansion, repowering, or retirement milestone is identified in the cited history; the facility is described as operating and as a 2002-vintage plant. — Red Oak Power — EverGen Power · confidence: medium

## Timeline

- 1998-09-13 — Project company formed and development initiated
  AES Red Oak was formed as a Delaware limited liability company to develop, construct, own, operate, and maintain the Sayreville generating facility.
  Source: Source (https://www.sec.gov/Archives/edgar/data/1117445/000110465902001319/j3299_10k405.htm)
- 2025-07-08 — Agreement to sell to Strategic Value Partners
  Morgan Stanley Infrastructure Partners announced an agreement to sell its ownership stake in Red Oak to funds managed by Strategic Value Partners, with closing expected in the fourth quarter of 2025 subject to customary conditions and regulatory approvals.
  Source: MSIP Agrees to Sell Red Oak Power Facility | Morgan Stanley (https://www.morganstanley.com/press-releases/msip-agrees-to-sell-red-oak-power-facility)

## Sources

- [Red Oak Power — EverGen Power](https://evergenpwr.com/portfolio/red-oak/) — evergenpwr.com · tier other
- [SVP Announces Acquisition of Red Oak Power - SVP Strategic Value Partners](https://www.svpglobal.com/svp-announces-acquisition-of-red-oak-power) — svpglobal.com · tier other
- [Source](https://www.nj.gov/bpu/pdf/boardorders/2013/20131122/11-22-13-2O.pdf) — nj.gov · tier regulatory
- [MSIP Agrees to Sell Red Oak Power Facility | Morgan Stanley | Morgan Stanley](https://www.morganstanley.com/im/en-us/individual-investor/insights/press-release/msip-agrees-to-sell-red-oak-power-facility.html) — morganstanley.com · tier other
- [Source](https://www.firstenergycorp.com/content/dam/corporate/transmission/Middlesex-Red-Oak-NJCEC-Fact-Sheet.pdf) — firstenergycorp.com · tier other
- [832 Red Oak Ln, Sayreville, NJ 08872 | Zillow](https://www.zillow.com/homedetails/832-Red-Oak-Ln-Sayreville-NJ-08872/240148599_zpid/) — zillow.com · tier other
- [Source](https://www.sec.gov/Archives/edgar/data/1117445/000110465902001319/j3299_10k405.htm) — sec.gov · tier regulatory
- [SGT6-5000F Heavy-duty gas turbine (60 Hz)](https://www.siemens-energy.com/global/en/home/products-services/product/sgt6-5000f.html) — siemens-energy.com · tier other
- [Source](https://evergenpwr.com/portfolio/red-oak) — evergenpwr.com · tier other
- [Strategic Value Partners Announces Acquisition of Red Oak Power](https://www.prnewswire.com/news-releases/strategic-value-partners-announces-acquisition-of-red-oak-power-302500233.html) — prnewswire.com · tier other
- [MSIP Agrees to Sell Red Oak Power Facility | Morgan Stanley](https://www.morganstanley.com/press-releases/msip-agrees-to-sell-red-oak-power-facility) — morganstanley.com · tier other
- [Source](https://gem.wiki/Red_Oak_power_station) — gem.wiki · tier other
- [The Carlyle Group Completes Acquisition of Red Oak Power Generation Facility | Carlyle](https://www.carlyle.com/media-room/news-release-archive/carlyle-group-completes-acquisition-red-oak-power-generation) — carlyle.com · tier other
- [Raytheon Co. v AES Red Oak, LLC :: 2005 :: New York Other Courts Decisions :: New York Case Law :: New York Law :: U.S. Law :: Justia](https://law.justia.com/cases/new-york/other-courts/2005/2005-52306.html) — law.justia.com · tier other
- [Red Oak Power | Energy Capital Partners I ECP](https://www.ecpgp.com/equity/portfolio/red-oak-power-holdings-llc) — ecpgp.com · tier other
- [Red Oak Power LLC Senior Secured Series B Bonds U](https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/1884022) — spglobal.com · tier other
- [AES Red Oak LLC 'BB-' Rating Affirmed On Sale To | S&P Global Ratings](https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/958544) — spglobal.com · tier other
- [PJM - Generation Deactivations](https://www.pjm.com/planning/service-requests/gen-deactivations) — pjm.com · tier other
- [Annual Electric Power Industry Report, Form EIA-860 detailed data with previous form data (EIA-860A/860B) - U.S. Energy Information Administration (EIA)](https://www.eia.gov/electricity/data/eia860/) — eia.gov · tier regulatory

## Data quality

- Published capacity figures vary by source: 831 MW on the current EverGen asset page, approximately 830 MW in 2012 ratings material, and 821.1 MW in plant data; this directory uses 831 MW from the current project page. The July 2025 SVP transaction was announced as an agreement with an expected fourth-quarter 2025 closing; the cited transaction releases do not disclose sale consideration or an exact closing date. EverGen’s current asset page lists SVP ownership at 100%. No separate expansion, repowering, or retirement milestone is identified in the cited history; the facility is described as operating and as a 2002-vintage plant.

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Source: Ask the Grid — https://askthegrid.com/