Harbert Power’s Gulf Pacific Power agrees to sell 45.05% stake in Astoria Energy II plant to EGCO New York

Harbert Management’s Harbert Power fund Gulf Pacific Power agreed to sell a 45.05% indirect stake in Astoria Energy II. Asset is a 615 MW combined-cycle natural gas plant in Queens, New York City. Buyer is EGCO New York, a unit of EGCO Group, under a purchase and sale agreement signed Sept. 16, 2026. Astoria Energy II operates under a tolling agreement with the New York Power Authority, supplying energy, capacity, ancillary services. Morgan Stanley served as financial adviser; deal remains subject to closing conditions. 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. Harbert Management Corporation published the original content used to generate this news brief on September 18, 2026, and is solely responsible for the information contained therein. (C)