Gas, oil fired power plants acquired by J-Power from PPL

J-POWER USA Generation, L.P. said it has acquired two power plants in Long Island, NY from PPL Corporation (PPL). J-POWER USA Generation has acquired 100% of the interests in PPL Shoreham Energy, LLC, the owner of the 79.9 MW oil-fired simple cycle Shoreham facility located in Brookhaven, NY, and 100% of the interests in PPL Edgewood Energy, LLC, the owner of the 79.9 MW natural gas-fired simple cycle Edgewood facility in Brentwood, NY; both assets are fully contracted to the Long Island Power Authority (LIPA).

Mizuho Corporate Bank, Ltd. provided the acquisition financing, acting as sole lead arranger and underwriter. Dexia Global Structured Finance served as financial advisor and Baker & McKenzie served as legal advisor to J-POWER USA Generation in connection with the acquisition and the financing.

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


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs