Blackstone Group
PPL
PPL expects the current surplus of generation in its Pennsylvania territory will be lost to demand growth from data centers in the next five years and said it has plans to help meet that growing demand with new generation.
Sen. Dave McCormick
New technology and energy facilities are planned for Pennsylvania at a cost of more than $90 billion, including multiple power plants and data centers, possibly co-located.
Blackstone Group’s Champlain Hudson Power Express transmission project has made allies of power producers and environmentalists.
AEP (NYSE:AEP) has reached a deal to sell more than 5,000 MW of Ohio and Indiana merchant generation to The Blackstone Group (NYSE:BX) and ArcLight Capital Partners for about $2.2 billion.
The future of the Cayuga coal-fired generator is in jeopardy following the state’s Public Service Commission’s rejection of a natural gas repowering plan.
FERC on approved the sale the same day Gov. Andrew Cuomo vowed the generators would “transition” away from coal.
The Vermont Public Service Board approved the 1,000-MW New England Clean Power Link, scheduled to be in service in 2019.
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