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Press Releases

ArcLight Creates AlphaGen to Manage One of the Largest Power Infrastructure Portfolios in the United States

Jan 10, 2024
BOSTON – January 10, 2024

ArcLight Capital Partners, LLC (together with is affiliates, “ArcLight”), a leading middle market infrastructure firm, today announced it has formed Alpha Generation, LLC (“AlphaGen”) to provide strategic management and oversight of its power infrastructure portfolio. ArcLight and AlphaGen are focused on providing reliable, secure, safe, and sustainable access to power to help meet the growing infrastructure needs created by electrification. AlphaGen will oversee one of the largest domestic power portfolios, with nearly $2 billion in annual revenue.

“The creation of AlphaGen builds on ArcLight’s leading position as a proven and experienced power infrastructure investor,” said Dan Revers, Managing Partner of ArcLight. “We believe power infrastructure will play an increasingly critical and necessary long-term role as demand increases on the back of electrification, data center growth, and AI amongst other things. To help support this growth and create value, we have brought together an industry-leading team with a proven track record of strategic, operational, and commercial experience overseeing and operating power generation assets.”

AlphaGen will oversee the strategic, commercial, and operational activities for ArcLight’s funds’ power infrastructure portfolio and assets, one of the nation’s largest power portfolios. The power infrastructure portfolio managed by AlphaGen includes low-cost, low-carbon strategically located assets that provide critical supply to key demand centers, including throughout the tri-state area of New York, New Jersey, and Connecticut.

“ArcLight is excited to announce this strategic partnership as part of our continued value-added investment approach and strategy, which invests across the electrification infrastructure value chain including renewables, battery storage, and other transition infrastructure. We believe AlphaGen, complemented by ArcLight’s internal expertise and deep experience, will drive substantial synergies across our existing portfolio and help us capitalize on further opportunities created by the electrification and energy transition mega trends,” said Angelo Acconcia, Partner at ArcLight.

Curt Morgan, a longtime industry executive, has been named Chief Executive Officer and Chairman of AlphaGen, effective May 1, 2024. Mr. Morgan was previously CEO of Vistra, an integrated retail electricity and power generation company. During his tenure, he helped establish Vistra as a power and energy transition leader while transforming it from a single-state provider into one of the largest power producers and retailers in the country.

Mr. Morgan is currently a Senior Advisor to ArcLight. Mark Sudbey will serve as interim CEO until Mr. Morgan joins. Mr. Morgan and Mr. Sudbey are complemented by a number of experienced executives from ArcLight’s existing portfolio and several recent additions, including Mary Anne Brelinsky who joins as President and Chief Commercial Officer.

“I am excited to partner with ArcLight, one of the leading domestic infrastructure investors. We believe AlphaGen’s infrastructure is well positioned to deliver safe, reliable, and critical power to meet current and increasing demand,” stated Mr. Morgan. “I look forward to working with Mark, Mary Anne, and the rest of the leadership team to help drive value, mitigate risk, and capitalize on new investment opportunities which a portfolio such as this is likely to create.”

About ArcLight

Founded in 2001, ArcLight is a leading middle-market, value added infrastructure investment firm with strategic partnerships and investments across the power, renewables, strategic gas, battery storage, and transformative infrastructure sectors. ArcLight has a long and proven track record of investing across the electrification infrastructure value chain to help support reliability, security and sustainable infrastructure.  ArcLight’s team employs an operationally intensive investment approach that benefits from its dedicated in-house strategic, technical, operational, and commercial specialists, as well as the firm’s ~1,900-person asset management partner. Since 2001, ArcLight’s funds have invested in infrastructure and related businesses with nearly $70 billion of total capitalization. For more information, please visit www.arclight.com.

About AlphaGen

AlphaGen is a strategic partnership formed and owned by an affiliate of ArcLight to own and operate critical power infrastructure to help provide reliable, secure, safe, and sustainable sources of power and meet the growing infrastructure needs created by electrification. AlphaGen is led by a deeply experienced senior management team with a proven track record of strategic, operational, and commercial expertise to help create value and manage risk.  AlphaGen manages over 13,000 megawatts of power infrastructure across four RTO markets (PJM, NYISO, ISONE, and CAISO), and oversees Eastern Generation, Generation Bridge, and Parkway Generation, amongst other ArcLight investments. For more information, please visit www.alphagen.com.

Media Contacts

Charlyn Lusk/Joshua Greenwald
clusk@stantonprm.com/jgreenwald@stantonprm.com
(646) 502-3549 / (646) 504-7306

 

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New York

Arthur Kill

The Arthur Kill Generating Station is an 878 MW natural gas fired plant consisting of two steam turbines and one gas turbine located in the Staten Island borough of New York City. Steam units 2 and 3 were built in 1959 and 1969, respectively.

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New York

Astoria

The Astoria Generating Station is a 935 MW natural gas fired plant located in Astoria, in the Queens borough of New York City, bounded by the East River and Luyster Creek. It consists of four generating units (Units 2, 3, 5 and GT-1) with an aggregate average capacity rating of 957 MW. Units 3 and 5 have the ability to operate on ULSD No. 2 fuel oil as a backup during periods gas system constraints. Astoria’s dispatch level is intermediate.

The plant is part of a larger complex that is comprised of approximately 300 acres, most of which is used for various utility purposes including power generation, indoor storage, oil storage, liquefied natural gas storage, vehicle storage and servicing and office space.

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New Jersey

Bergen (1 & 2)

The Bergen Generating station consists of two combined cycle natural gas units located in Ridgefield, New Jersey, northeast of the Hackensack River.  Fuel oil is used as a backup to enhance reliability and fuel optionality.

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New York

Bethlehem

The Bethlehem Energy Center is an approximately 900 MW combined cycle generating station located in Bethlehem, New York, that entered service in 2005. The station is natural gas-fired and equipped with emissions control technologies.

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Connecticut

Bridgeport

Bridgeport Harbor Station 5 is an approximately 500 MW highly efficient combined cycle generating station that began commercial operations in Bridgeport, CT, in 2019. The station is dual fuel capable, running primarily on natural gas with ultra-low sulfur distillate as a reliability back-up fuel, and is equipped with the latest state-of-the art emissions control technologies.

Burlington

New Jersey

Burlington

The Burlington Generating Station consists of 4 simple cycle units on the banks of the Delaware River in Burlington, New Jersey.  The station is dual fuel capable, running primarily on natural gas with ultra-low sulfur distillate as a reliability back-up fuel, has black start capability, and provides synchronous condensing for grid stability with fast start optionality.

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Connecticut

CT Jets

Generation Bridge’s Connecticut Jets consists of four remote jet engine stations located in Cos Cob, Branford, Torrington (Franklin Drive) and Torrington Terminal. The stations comprise 167 MW of capacity in aggregate and are capable of rapidly dispatching to meet demand.

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Connecticut

Devon

The Devon Generating Station, located on the Housatonic River near the Long Island Sound, consists of five fast-start peaking units with a total approximate capacity of 175 MW. The facility includes four 50-MW dual-fueled combustion turbines, enough to power more than 160,000 homes.

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New York

Gowanus

The Gowanus Generating Station is a 260 MW floating power station located on Gowanus Bay in Brooklyn along the east side of the Upper New York Bay. The facility consists of 32 simple cycle combustion turbine units situated equally across four generating barges. The facility is one of the largest floating generating stations in the world. The site also includes approximately 25 acres of piers and submerged land.

The Gowanus facility can start with as little as fifteen minutes notice. The units are flexible from an operating perspective and are available year-round to offer system- peaking capacity. With 16 of 32 units equipped for dual fuel firing, the site has additional optionality regarding fuel selection. In addition, the facility has black-start capability and was the first generating station to resume operations following the Black Out in August 2003.

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New Jersey

Kearny

The Kearny Generating Station consists of 10 simple cycle units on the banks of the Hackensack River in South Kearny, New Jersey.  It is a top performing diverse station, consisting of dual fuel and fast start optionality, has black start capability, and provides synchronous condensing for grid stability. 

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Maryland

Keys

The Keys Energy Center is a best-in-class combined cycle facility yielding the most efficient operation in the Maryland region of PJM.  The facility is located in Brandywine, Maryland and features the most advanced Siemens F-Class combustion turbine (CT) generators.  The station was designed to operate in daily cycling mode and to run continuously as base load.  Keys’ unique design allows for full bypass operation if required, operating CTs in simple-cycle and fast unit startups with one hour to dispatch.

Linden

New Jersey

Linden (CC/CT)

The Linden facility is a best-in-class combined cycle asset, providing capacity to the PJM and NYISO grids.  With dual combined cycle configurations, Linden provides a wide range of load flexibility between 150MW and 1,300MW.  The simple cycle combustion turbines provide black start capability for grid resiliency.  Fuel oil is used as a backup to enhance reliability and fuel optionality.

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California

Long Beach

The Long Beach Generating Station, located in Los Angeles County, consists of four simple-cycle natural gas-fired turbines totaling 252 MW of installed capacity. The facility was repowered in 2007.

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Ohio

Lordstown

The Lordstown Energy Center is a 940 MW combined-cycle natural-gas-fueled electric generation facility located in the village of Lordstown, Ohio. The facility provides safe, clean, efficient and reliable power supply to approximately 850,000 homes and businesses served by PJM Interconnection’s regional transmission network.

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Connecticut

Middletown

The Middletown Generating Station, situated along the Connecticut River in the Maromas section of Middletown, CT, is an approximately 762 MW plant consisting of three steam units and one combustion turbine capable of powering 600,000 homes. Middletown supplies power to ISONE.

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Connecticut

Montville

The Montville Generating Station is an approximately 500 MW peaking plant providing enough power to support over 400,000 homes during peak electric demand periods. The plant’s four units are either dual-fuel (gas or oil), oil-fueled or diesel-fueled generators. The 49-acre facility along the Thames River supplies power to ISO-NE.

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New York

Narrows

The Narrows Generating Station is a 322 MW floating power station located in Brooklyn along the east side of Upper New York Bay. The facility consists of 16 simple-cycle combustion turbine units on two floating power barges. All of the units at Narrows have dual-fuel capability. The units at Narrows also provide critical system peaking capacity and can be started in fifteen minutes or provide Black Start capability for system restoration. Throughout the year the units serve as peaking resources.

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Connecticut

New Haven Harbor

New Haven Harbor consists of generation Units 1-4 located in New Haven, CT. Unit 1 is an approximately 435 MW dual fuel capable steam turbine generating station, which first began commercial operations in 1975. Units 2-4 are gas fired peaking turbines with an aggregate generating capacity of approximately 140 MW.

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New York

Oswego

The Oswego Generating Station is located on 93 acres along the south shore of Lake Ontario and can generate enough electricity to support over 1.3 million homes. The 1,641 MW facility consists of two large steam generators that are primarily oil-fueled. Unit 5 was built in 1975 and unit 6 in 1979. Both are currently operating as peaking units and sell power to the NYISO.

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New Jersey

Sewaren

Sewaren is New Jersey’s most efficient combined cycle unit.  Located in Sewaren, New Jersey, the facility is capable of rapid response startup in times of peak demand.

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