Key Highlights:

• Hull Street Energy (HSE) to acquire a 1,350 MW gas-fired power plant from Elwood Energy LLC, a subsidiary of J-Power USA.

• Upon closing, HSE affiliates will own 3,500 MW of gas-fired and dual-fueled generation capacity within Milepost Power.

• The assets will be optimized to support decarbonization and grid reliability in the evolving U.S. power market.

• Troutman Pepper served as legal counsel to HSE; CIBC Capital Markets and Merit Capital Advisors acted as financial advisors.

• Baker McKenzie provided legal counsel to J-Power USA.

Source: PR Newswire

Notable Quotes:

Why This Matters:

This acquisition marks a significant expansion of Hull Street Energy’s power generation portfolio, reinforcing its role in ensuring grid reliability and energy transition amid growing power market constraints. By integrating the Elwood Energy assets into Milepost Power, HSE strengthens its ability to support decarbonization efforts while maintaining dependable and flexible energy solutions. As the U.S. power market faces increasing challenges in balancing renewable integration and reliability, investments like this underscore the importance of efficient gas-fired generation in bridging the transition.