Hull Street Energy’s Acquisition of AL Pierce Generation Facility

Pierce Atwood advised Connecticut Municipal Electric Energy Cooperative on the deal.

Hull Street Energy has entered into a definitive agreement to acquire the AL Pierce Generation facility from the Connecticut Municipal Electric Energy Cooperative. The facility is in Wallingford, Connecticut and provides 84 megawatts of flexible, fast start dual-fueled power generation capacity to the New England region.

The AL Pierce facility will be a high-quality addition to Hull Street Energy’s portfolio of critical power infrastructure.  With this acquisition, the firm will continue to support regional reliability standards, allowing for the integration of new variable renewable energy resources as New England states work to achieve their climate goals.  

Upon closing this transaction, Hull Street Energy affiliates will own 52 power generation stations providing over 950 MW of renewable, gas-fired, and dual-fueled generation capacity to support grid operations throughout the United States. 

The Pierce Atwood team was led by James M. Avery (Picture) and David J. Champoux.

 

 

    

Involved fees earner: James Avery – Pierce Atwood; David Champoux – Pierce Atwood;

Law Firms: Pierce Atwood;

Clients: Connecticut Municipal Electric Energy Cooperative;

Author: Martina Bellini