FERC Clears Hull Street Peaker Buy, Rebuffs PJM Market Monitor
The PJM market monitor asked federal regulators to kill Hull Street Energy’s purchase of two gas-fired peaking plants unless Hull Street promised not to point them at data centers. On August 13, FERC said no — and said the monitor hadn’t supported its argument. Thirteen days later, the deal closed. Hull Street Energy (HSE), a private equity firm in the Washington, D.C. area, announced yesterday that it completed the acquisition of the Lee County Generating Station in Dixon, Illinois, and the Tait Electric Generating Station near Dayton, Ohio, from Rockland Capital. HSE calls the pair the “GridFlex Portfolio” and has folded it into Milepost Power, its thermal generation platform. Read More “FERC Clears Hull Street Peaker Buy, Rebuffs PJM Market Monitor”
Norway’s Equinor — the company we all used to call Statoil — announced Monday it is buying a majority interest in the Lackawanna Energy Center (LEC), the big Marcellus-fired power plant in Jessup, PA, just outside Scranton. Equinor is paying $940 million for 87.71% of the Class A shares in the 1,483-megawatt plant, buying them from funds managed by Global Infrastructure Partners (GIP), which is now part of BlackRock. Invenergy, which built LEC and has run it since day one, stays on as operator. MDN has followed this plant since it was nothing but a proposal and a pile of angry town council meetings (see 
A Wall Street rumor landed Tuesday that most of the financial press covered as a Wall Street story. We’re going to cover it as a Susquehanna County story — because buried inside UGI Corporation, the Valley Forge-based utility holding company that private equity giant KKR reportedly wants to buy for $9 billion, sits one of the more important collections of gathering, storage and pipeline assets in the northeast Marcellus. 
Remember when Dan Rice IV (older brother of EQT CEO Toby Rice) sold his landfill-gas company Archaea Energy to BP for $4.1 billion back in 2022, pocketing the Rice family somewhere between $720 million and $975 million in the process? Well, what goes around comes around: BP told investors this week it’s now looking to sell Archaea. On the company’s Q2 2026 earnings call, new BP CEO Meg O’Neill said Archaea has turned out to be a “capital-intense” way to play the biogas market, and BP would rather go “capital-light” going forward. Translation: RNG isn’t the money-printer BP thought it would be four years ago, and Big Oil’s would-be savior molecule is getting shopped to the highest bidder. 
Dominion Energy reported second-quarter 2026 results on July 31, and while Wall Street focused on the penny-counting, there were three items in the release and on the analyst call that matter to Marcellus/Utica producers, midstreamers, and landowners: two new gas-fired power plants moving into permitting, a merger timeline that’s now locked in at the state level, and a nine-figure write-off on renewable assets that tells you which way the wind is actually blowing. 
Back in May we brought you the news that NextEra Energy is buying and merging with Dominion Energy in a deal valued around $66.8 billion (see 
In April, MDN reported that PowerTransitions, an independent power producer specializing in redeveloping legacy power facilities, had agreed to acquire five New York gas-fired power plants — Batavia, Hillburn, Massena, Shoemaker, and Sterling — totaling 323 megawatts (MW) from Alliance Energy Group affiliates (see