Troutman Pepper Locke advised Hull Street Energy, LLC (HSE), a private equity firm that specializes in deploying capital into the power sector as it decarbonizes, in its agreement to acquire six units from Elwood Energy LLC, a subsidiary of J-Power USA. Elwood owns a 1,350 MW gas-fired power plant located near Joliet, Ill.
Upon closing, HSE affiliates will own nearly 3,500 megawatts of highly efficient, reliable, gas-fired, and dual-fueled generation capacity operating within the Milepost Power fleet. These assets will be optimized to support decarbonization and reliability in an increasingly constrained U.S. power market.
The team that represented Hull Street Energy in the transaction included Andrew Schifrin, Steven Khadavi, Wallace Bao, Nickolas Guttman, Russell Kooistra, Mack McGuffey, Daniel Anziska, Karina Miranda, Xijia Yuan, Julian Weiss, Dixon Wallace, Morgan Gerard, and Benjamin Duwve.