Delta Power and private equity backer Morgan Stanley Dean Witter Capital Investors have completed the purchase of the 315 MW Brooklyn Navy Yard Cogeneration Plant from Edison Mission Energy. Dean Vanech, president of Delta, says the acquisition closed last month, declining to reveal the price. Former bidders estimated the Big Apple power plant could fetch some $650 million (PFR, 2/8). Vanech says the the initial focus for Delta will be to assure that the power plant continues to operate reliably and at its highest possible availability. Kevin Kelley, spokesman for EME's parent Edison International, and officials at Credit Suisse First Boston, which brokered the deal, did not return calls.