Hull Street Energy Expands Power Portfolio with Peaking Plant Acquisition

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.