Dutch Pension Fund APG Buys 2 NYC Gas-Fired Electric Plants

Astoria Energy

New York Gov. Andrew Cuomo is on a mission to reduce, actually eliminate, the use of natural gas to produce electricity in the state (see New York Pulls the Trigger, Commits Energy Suicide with New Law). Yet a consortium led by Dutch pension fund investor APG has just cut a deal to buy two natural gas-fired electric plants operating in New York City. Go figure.

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