April 24, 2025

Investment firm wins U.S. approval to buy stake in PJM gas plant from Ares Management

Strategic Value Partners will co-own the Pennsylvania generator alongside a group of Japanese energy companies, led by Tokyo Gas Co., Ltd. and Sojitz Corp.

Acquisition Approved: A subsidiary of global investment firm Strategic Value Partners LLC (SVP) gained FERC approval to buy-out a one-third ownership stake in the 525-MW Birdsboro gas-fired power plant in Pennsylvania from a wholly controlled portfolio subsidiary of Ares Management Corporation, according to an April 21 order. Following consummation, SVP will co-own the plant alongside Tokyo Gas Co., Ltd., Sojitz ...

Details:

Filing Date: April 21, 2025

Docket Numbers:

EC25-56

Short Summary:

A subsidiary of global investment firm Strategic Value Partners LLC (SVP) gained FERC approval to buy-out a one-third ownership stake in the 525-MW Birdsboro gas-fired power plant in Pennsylvania from a wholly controlled portfolio subsidiary of Ares Management Corporation, according to an April 21 order. Following consummation, SVP will co-own the plant alongside Tokyo Gas Co., Ltd., Sojitz Corp., Kyushu Electric Power Co. Inc., Toho Gas Co. Ltd., Saibu Gas Co. Ltd. and Hiroshima Gas Co. Ltd.

Impact Level:

Categories:

Dealmaking & Transactions

Tags: Acquisitions & Dispositions, Natural Gas, Natural Gas-Fired Generators

Entities: Ares Management Corp., Strategic Value Partners LLC

Markets: PJM Interconnection (PJM)

Regions: Mid-Atlantic & Midwest

States: Pennsylvania

Regulators: FERC

Courts:

Documents:

Acquisition & Disposition – Application – Order Approving