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. (C)