Hull Street Energy, LLC announced on March 23 that it has agreed to acquire two power plants from Rockland Capital, LP: the Lee County Generating Station in Illinois and the Tait Electric Generating Station in Ohio. The Lee facility is a 677 megawatt natural gas turbine plant, while the Tait station is a 586 megawatt dual-fuel facility.
The company said these facilities are strategically located to provide capacity and operational flexibility within the PJM electricity market. Hull Street Energy noted that tightening supply-demand dynamics in this region have increased demand for reliable, fast-start resources that help maintain grid stability.
According to Hull Street Energy, once regulatory approvals are received and the transaction closes later this year, it will own nearly 5,000 megawatts of efficient gas-fired and dual-fueled generation capacity under its Milepost Power fleet. This would make Hull Street Energy one of the largest privately held power producers in the United States.
Troutman Pepper Locke served as legal counsel for Hull Street Energy during this transaction. PEI Global Partners, LLC and Houlihan Lokey acted as financial advisors, while Bracewell represented Rockland Capital legally.
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