← Back to News
energy

Hull Street Energy Expands Power Portfolio with Peaking Plant Acquisition

By MGN EditorialMarch 23, 2026 at 11:47 PM

Hull Street Energy has agreed to acquire two natural gas peaking plants in the PJM power market, expanding its Milepost Power portfolio.

In a move to bolster its power generation assets, Hull Street Energy, LLC (HSE) has announced the acquisition of two peaking plants from Rockland Capital, LP. The deal includes the 677 MW Lee County Generating Station in Illinois and the Tait Electric Generating Station, with details of the latter's capacity not disclosed. According to the press release, the acquisition will expand HSE's Milepost Power portfolio, which focuses on flexible, dispatchable power generation assets. The addition of these two peaking plants will enhance HSE's ability to provide reliable electricity during periods of high demand in the PJM Interconnection market. 'This transaction aligns with our strategy of building a diversified portfolio of power generation assets that can effectively support the transition to a clean energy future,' said Ted Brandt, CEO of Hull Street Energy. 'Peaking plants play a critical role in maintaining grid reliability as renewable energy sources are integrated onto the system.' The deal is subject to customary regulatory approvals and is expected to close in the third quarter of 2026. Financial terms were not disclosed. This acquisition comes as the maritime industry continues to navigate the complex transition towards decarbonization. Flexible, gas-fired peaking plants can help provide the stability needed to integrate more renewable energy onto power grids serving major ports and shipping hubs.
#power generation#peaking plants#PJM#grid reliability#decarbonization

Related Articles

HIZENERGY Achieves BloombergNEF Tier 1 Status in Energy Storage Manufacturing

Chinese energy storage manufacturer HIZENERGY has been recognised in BloombergNEF's prestigious Tier 1 list for Q3 2026, marking a significant milestone for the company's standing in the global energy storage sector.

Aug 2, 2026

Energy Storage Sector Recognises StarCharge as Top Microgrid Brand at GGII 2026 Summit

Chinese energy solutions provider StarCharge has been named the number-one microgrid brand at the GGII 2026 Energy Storage Industry Summit, citing proprietary technology and more than 300 global deployments.

Aug 1, 2026

Maritime Industry Briefing: Taiwan Strait Tensions Rise as Crude Market Faces Tightening Cushion

China's coast guard patrols east of Taiwan draw sharp condemnation from Taipei, while energy analysts at Vortexa warn of a significant reduction in global crude inventory buffers over the coming months.

Aug 1, 2026

Maritime Industry Briefing: Italy Leads EU LNG Imports as Saudi Tankers Reroute Around Africa

Italy has emerged as the EU's top LNG importer amid soaring prices, while six Saudi oil tankers are taking the rare step of circumnavigating Africa to avoid Houthi threats in the Red Sea.

Jul 31, 2026

Maritime Industry Briefing: LNG Investment, Alternative Fuels Competition, and FMC Regulatory Scrutiny

This week's maritime briefing covers NYK's strategic LNG investment, growing concerns over Europe's alternative fuels competitiveness, and the Federal Maritime Commission's potential scrutiny of China's detentions of Panama-flagged vessels.

Jul 31, 2026