Starwood to acquire Lakeside Generation

Starwood Energy Group Global LLC

Starwood Energy Group Global LLC, a private investment firm focused on energy infrastructure, reports that an affiliate has entered into an agreement with Lakeside Energy LLC to acquire Lakeside Generation LLC, a 369-MW portfolio of three natural gas facilities, one located in Pennsylvania and two in New York.

The portfolio consists of Hazleton, a 158-MW peaking facility in Pennsylvania; Syracuse, a 103-MW combined cycle facility in New York; and Beaver Falls, a 108-MW cogeneration combined cycle facility in New York. Hazleton sells capacity and energy into the PJM power market, which serves 13 states and the District of Columbia. Syracuse and Beaver Falls sell capacity and energy into the NYISO power market, which serves the state of New York. 

The transaction is expected to close in the first quarter of 2015. Financial terms of the transaction were not disclosed.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...