Starwood Energy Group to Acquire Lakeside Generation

Starwood Energy Group Global, a private investment firm focused on energy infrastructure, announced that an affiliate has entered into an agreement with Lakeside Energy to acquire Lakeside Generation, a 369-MW portfolio of three natural gas facilities, one located in Pennsylvania and two in New York. The portfolio consists of Hazleton, a 158-MW peaking facility in Pennsylvania; Syracuse, a 103-MW combined cycle facility in New York; and Beaver Falls, a 108-MW cogeneration combined cycle facility in New York. Hazleton sells capacity and energy into the PJM power market, which serves 13 states and the District of Columbia. Syracuse and Beaver Falls sell capacity and energy into the NYISO power market, which serves the state of New York. Financial terms of the transaction were not disclosed.

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