Blackstone to buy Hill Top power plant for about $1 billion

Core Viewpoint - Blackstone has agreed to acquire Hill Top Energy Center, a 620-megawatt natural gas power plant in Western Pennsylvania, for nearly $1 billion [1] Company Summary - The acquisition reflects Blackstone's continued investment in the energy sector, particularly in natural gas infrastructure [1] - Hill Top Energy Center has a capacity of 620 megawatts, indicating a significant scale in power generation [1] Industry Summary - The deal highlights ongoing trends in the energy industry, where natural gas remains a key component of the power generation mix [1] - The acquisition may signal further consolidation in the energy sector as companies seek to enhance their portfolios with strategic assets [1]