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.

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