PJM Monitor Opposes Hull Street Energy Deal for 2 Gas-Fired Peakers

In March, Hull Street Energy (HSE) entered an agreement to acquire two peaking power plants from Rockland Capital, LP, significantly expanding its Milepost Power portfolio (see Hull Street Energy Buys 2 PJM Gas-Fired Peakers That Use 20 Bcf/Yr). The acquisition includes the 677-megawatt (MW) Lee County Generating Station in Illinois and the 586-MW Tait Electric Generating Station in Ohio. Both facilities operate within the PJM electricity market, providing essential fast-start resources and grid stability amidst tightening supply-demand dynamics. The PJM market monitor (independent of the grid operator) is recommending to the Federal Energy Regulatory Commission (FERC) that it reject the sale.

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