September 18, 2026
Willkie represented Gulf Pacific Power, a fund managed by Harbert Management Corporation, in its agreement to sell to EGCO New York, LLC, a wholly owned subsidiary of EGCO Group, its 45.0549% indirect ownership interest in Astoria Energy II LLC, which owns a 615 MW combined-cycle natural gas-fired power plant in Queens, New York City.
Astoria Energy II supplies energy, capacity and ancillary services under a tolling agreement with the New York Power Authority. The transaction was signed on September 16, 2026, and remains subject to closing conditions. Morgan Stanley & Co. LLC served as financial advisor to Gulf Pacific Power.
Harbert Management Corporation is an alternative asset manager with approximately $7.8 billion in Regulatory Assets Under Management as of August 31, 2026.
EGCO Group is a diversified power and energy company with 6,791 MWe of total equity contract capacity as of September 18, 2026, including 1,648 MWe of renewable capacity, and power and energy-related investments spanning seven countries.
The Willkie team was led by partners Blake H. Winburne and Tony Johnston with associates Bridget Hamway, Rachael Williams and Zan Khan.
Astoria Energy II supplies energy, capacity and ancillary services under a tolling agreement with the New York Power Authority. The transaction was signed on September 16, 2026, and remains subject to closing conditions. Morgan Stanley & Co. LLC served as financial advisor to Gulf Pacific Power.
Harbert Management Corporation is an alternative asset manager with approximately $7.8 billion in Regulatory Assets Under Management as of August 31, 2026.
EGCO Group is a diversified power and energy company with 6,791 MWe of total equity contract capacity as of September 18, 2026, including 1,648 MWe of renewable capacity, and power and energy-related investments spanning seven countries.
The Willkie team was led by partners Blake H. Winburne and Tony Johnston with associates Bridget Hamway, Rachael Williams and Zan Khan.
