Ares EIF Sells Keys Energy Center to PSEG Power

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LOS ANGELES--(BUSINESS WIRE)--Ares Management, L.P. (NYSE:ARES) announced today that a fund managed by the Ares EIF Group and developer Genesis Power, LLC has sold the 755-MW Keys Energy Center project located in Prince George’s County, Maryland to PSEG Power, a subsidiary of PSEG (NYSE:PSEG), an independent power producer that generates and sells electricity in the wholesale market. Terms of the transaction were not announced. The Keys Energy Center project has a complete set of approved const

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