Kelson Energy, an independent management company specializing in the U.S. power generation sector, has finalized the sale of the Dogwood Energy Facility natural gas-fired power plant. This 675-megawatt energy infrastructure, located in Pleasant Hill, Missouri, changed hands in two separate transactions. Utility Evergy Missouri West acquired a 22.2% stake in the plant on April 24, 2024, while the Missouri Electric Commission did the same for 11.7% on May 31, 2024.
A reliable, complementary source of energy
The Dogwood Energy Facility, with its combined-cycle natural gas technology, provides dispatchable power generation capable of adjusting to demand. An essential feature at a time when the region is increasing its share of intermittent renewable energiessuch as wind and solar power. “This facility provides reliable and flexible generation capacity, essential to support the region’s growing renewable resources,” says Neal Cody, President of Kelson Energy.
Full transfer to local players
Robert Janssen, Senior Vice President of Kelson Energy, points out that “these two transactions mark the completion of the full transfer of ownership of the Dogwood plant to utilities in Missouri and Kansas”. This change of ownership means that the governance and management of this strategic energy asset can be anchored locally.
A solid legal process
The prestigious law firm White & Case acted as legal advisor to Kelson Energy throughout the share transfer process. This legal expertise helped secure the various stages in the transfer of ownership of the 675 MW plant to the new local owners. These transactions are part of a broader trend in the location of energy infrastructures in the United States. Utilities and regional authorities are looking to increase their control over strategic assets, while relying on private partners for operational management.
