Hull Street Energy ("HSE") has acquired 100% of four New York thermal power plants from J-Power USA Generation, L.P. ("J-Power USA"). The portfolio includes Edgewood Energy, LLC, Shoreham Energy, LLC, Pinelawn Power LLC, and Equus Power I, L.P. Located on Long Island, the portfolio provides 300 megawatts of critical power generation to support New York customers.
HSE owns approximately 2,590 megawatts of strategically located gas-fired and dual-fueled generation capacity operating as part of the Milepost Power fleet to provide meaningful grid reliability support to the decarbonizing United States grid. "We are excited to partner with our new team members to provide reliable power and capacity service to the Long Island market," said Edward Quinn, Chief Executive Officer of Milepost Power.
Troutman Pepper acted as legal counsel to HSE. CIBC Capital Markets and Merit Capital Advisors acted as financial advisors and Baker McKenzie acted as legal counsel to J-Power USA.
