March 23, 2023
Bethlehem-PSEG-Energy-Center-(PSEG)-Alt-FI.jpg
PSEG's Bethlehem Energy Center, an 817-MW combined cycle plant in New York | PSEG

PSEG to Sell Fossil Units to ArcLight Capital

$2.2+ B Loss Expected as Utility Seeks to Reduce Merchant Generation

Aug 12, 2021
Rich Heidorn Jr.
Company News / ISO-NE / NYISO / PJM / Natural Gas
PSEG will sell its 6.7-GW fossil fuel fleet to ArcLight Capital Partners for $1.92 billion as it transforms into a primarily regulated electric and gas utility.

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