Hull Street Energy has signed a definitive agreement to purchase Bastrop Energy Center and Paris Energy Center power plants from Atlas Holdings’ affiliate Mesquite Generation.

Financial details of the deal have not been disclosed.

The facilities, located in Bastrop and Paris, Texas, will deliver 855MW of power to the Texas grid.

Milepost Power CEO Edward Quinn stated: “We are thrilled to be acquiring these high-quality, winterised power plants with a track record of operational excellence.

“We look forward to working with the employees and other regional stakeholders to enhance the resiliency and reliability of power service for regional customers as the intermittent renewable fleet grows.”

Milepost Power is Hull Street’s thermal power infrastructure business unit.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Hull Street Energy affiliates will own 2.3GW of gas-fired and dual-fuelled generation capacity, including the planned acquisition of Sunrise Power Holdings, which owns a 586MW power plant in Bakersfield, California.

Troutman Pepper served as the legal counsel to Hull Street Energy on the transaction, while King and Spalding and Houlihan Lokey acted as legal counsel and financial adviser to Atlas.

In November 2023, Hull Street Energy agreed to divest its 42 run-of-river hydropower facilities in the US to LS Power for an undisclosed sum.

With a combined capacity of 334MW, the hydropower facilities are located across 11 US states.