Hull Street Energy Acquires Four New York Power Plants from J-Power USA
- Editor
- Jan 30
- 2 min read
What's Happening: Hull Street Energy (HSE) has acquired 100% of four thermal power plants on Long Island, New York from J-Power USA Generation, L.P. The portfolio, which includes Edgewood Energy, Shoreham Energy, Pinelawn Power, and Equus Power I, provides 300 megawatts of critical power generation to support New York customers.
The Key Moves:
HSE now owns approximately 2,590 megawatts of strategically located gas-fired and dual-fueled generation capacity.
The acquired plants are part of HSE's Milepost Power fleet, providing grid reliability support to the decarbonizing United States grid.
The acquisition expands HSE's presence in the New York market, specifically on Long Island.
By The Numbers :
4 power plants acquired, located on Long Island, New York.
300 megawatts of power generation capacity added to HSE's portfolio.
HSE's total generation capacity now stands at approximately 2,590 megawatts.
Key Quotes:
"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.
"HSE is a private equity firm that specializes in deploying capital into the power sector as it decarbonizes," as stated in the company description.
"Milepost Power owns and manages flexible, dependable, and clean natural gas and dual-fuel electric generating plants in North America," according to the company overview.
The Bottom Line: Hull Street Energy's acquisition of four New York power plants from J-Power USA significantly expands its presence in the Long Island market and strengthens its position in providing critical power generation. This move aligns with HSE's strategy of investing in the power sector as it transitions towards decarbonization, while also supporting grid reliability in the United States.
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