trending Market Intelligence /marketintelligence/en/news-insights/trending/nmSuY5xBacuRMJ7G3FbjaQ2 content esgSubNav
In This List

Invenergy starts operations at 1,485-MW gas plant in Pennsylvania

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


Invenergy starts operations at 1,485-MW gas plant in Pennsylvania

Invenergy LLC's 1,485-MW Lackawanna Energy Center in Pennsylvania has reached commercial operations, according to a Jan. 15 company statement.

The combined-cycle, gas-fired facility is capable of producing enough electricity to serve over 1 million homes. Michael Polsky, Invenergy founder and CEO, said the Lackawanna facility is "the largest and most technically sophisticated power plant Invenergy has ever developed, built and operated."

Output generated by the facility will replace power from older, less efficient units in the PJM Interconnection market.

Invenergy partnered with Kiewit Power Constructors Co. for construction of the facility, which began in March 2016. Cabot Oil & Gas Corp. supplies the natural gas fuel for the plant, while South Jersey Industries Inc. subsidiary South Jersey Resources Group LLC provides the fuel management services.

A fund managed by the Global Energy & Power Infrastructure team at BlackRock Real Assets is a major investor in the Lackawanna Energy Center.