Hull Street Energy to Acquire Illinois Power Assets, Expanding Milepost Power Fleet

Whats Happening:

Hull Street Energy (HSE) has agreed to acquire a 1,350 MW gas-fired power plant near Joliet, Illinois from Elwood Energy LLC, a subsidiary of J-Power USA. This acquisition will expand HSE's Milepost Power fleet to nearly 3,500 megawatts of highly efficient, reliable, gas-fired, and dual-fueled generation capacity. The assets will be optimized to support decarbonization and reliability in an increasingly constrained U.S. power market.

Key Moves:

• Hull Street Energy to acquire 1,350 MW gas-fired power plant near Joliet, Illinois

• Acquisition expands Milepost Power fleet to nearly 3,500 megawatts

• Assets to be optimized for decarbonization and reliability in U.S. power market

By The Numbers:

• 1,350 MW gas-fired power plant to be acquired

• Milepost Power fleet to reach nearly 3,500 megawatts after acquisition

• Assets include gas-fired and dual-fueled generation capacity

Bottom Line:

Hull Street Energy's acquisition of the 1,350 MW gas-fired power plant from Elwood Energy significantly expands its Milepost Power fleet, positioning the fund to play a crucial role in supporting decarbonization and reliability in the U.S. power market. This strategic move aligns with the fund's focus on deploying capital into the power sector as it undergoes a transition towards cleaner energy sources.

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