Metlife investment management provides $200 million in financing to phase out the last two coal fired plants in new jersey

Whippany, n.j.--(business wire)--metlife investment management (mim), the institutional asset management business of metlife, inc. (nyse: met), today announced it was the sole lender for approximately $200 million in financing to support the decommissioning of the last two coal-fired plants in new jersey. the financing will allow starwood energy group, the majority owner of the two plants, and atlantic city electric (ace), a regulated electric transmission and distribution utility serving appro
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