EGCO acquires 45.05% stake in 615-MW Astoria Energy II gas plant in New York City

• EGCO agreed to buy an indirect 45.05% stake in Astoria Energy II, a 615-MW combined-cycle gas plant in New York City.
• EGCO New York signed the purchase and sale agreement with Gulf Pacific Power on Sept. 16, 2026.
• The plant has operated since 2011, located in Queens within NYISO Zone J, a key New York load pocket.
• Cash flow is backed by a long-term tolling agreement with the New York Power Authority, insulating revenues from fuel-price swings.
• The deal extends EGCO’s U.S. portfolio, its second growth platform, as power demand rises from data centers and AI workloads.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EGCO - Electricity Generating pcl published the original content used to generate this news brief on September 18, 2026, and is solely responsible for the information contained therein.