Gas

Hull Street to acquire four gas-fired plants in New York

Upon the close of this transaction, Hull Street affiliates will own approximately 2,650 MW of gas-fired and dual-fueled generation capacity operating as part of the Milepost Power fleet.
Hull Street to acquire four gas-fired plants in New York
(Jones Beach Tower Long Island, NY. Photo by David Israel.)

Hull Street Energy has agreed to acquire four New York thermal power plants from J-Power USA. 

The portfolio, totaling 300 MW, includes Edgewood Energy, LLC, Shoreham Energy, LLC, Pinelawn Power LLC, and Equus Power I, L.P., all located on Long Island.

Upon the close of this transaction, HSE affiliates will own approximately 2,650 MW of gas-fired and dual-fueled generation capacity operating as part of the Milepost Power fleet.

In December 2023 Hull Street closed a $160 million financing for its 855 MW Milepost Power Texas portfolio known as Mesquite Generation. The plants in the Mesquite portfolio are located in Bastrop and Paris, Texas. HSE is headquartered in Beethesda, Maryland.

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.

J-POWER is one of the world’s largest independent generators of electricity, owning 96 power plants in Japan and 35 international IPP investments.