Hull Street Energ has signed a deal for the acquisition of 30 hydroelectric facilities. Credit: Jim Sung / Unsplash.

Electric industry-focused private equity firm Hull Street Energy has purchased nine hydroelectric power facilities in New Hampshire.

With nearly 68MW of power generation capacity, the facilities were acquired from Massachusetts-based energy company Eversource through a special purpose affiliate and are located on the Androscoggin, Connecticut, Merrimack, North Branch, and Pemigewasset Rivers.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
“The New Hampshire hydroelectric portfolio will become a part of Central Rivers Power that owns and operates 14 hydroelectric stations in Massachusetts and New Hampshire.”

The sale is part of a comprehensive 2015 restructuring and rate stabilisation settlement agreement between Eversource and the State of New Hampshire.

Hull Street Energy affiliates now own approximately 531MW and 19 power generation stations in the Northeast, Mid-Atlantic and Western US.

Headquartered in Bethesda, Maryland, the New Hampshire hydroelectric portfolio will become a part of Central Rivers Power that owns and operates 14 hydroelectric stations in Massachusetts and New Hampshire.

Hull Street Energy managing partner Sarah Wright said: “With the addition of these high-quality assets and people to our existing foundation, we are excited about building a best-in-class renewable power generation business.

“We are committed to maintaining safe, reliable, and profitable facilities and will continue our long track record of vigilant adherence to all regulatory and environmental standards.”

The transaction was carried out through a competitive auction process, which was established by the New Hampshire Public Utilities Commission and managed by JP Morgan.

Manatt Phelps and Phillips, and Van Ness Feldman, served as legal counsel to Hull Street Energy.