Equinor to Acquire 87.71% Stake in Lackawanna Power Plant
Equinor will acquire 87.71% of Lackawanna’s Class A shares for $940 million, with a possible price reduction at closing. Invenergy will keep managing and operating the plant while the firms seek further collaboration in the PJM market. The deal targets early cash flow from one of the largest, efficient gas-fired power plants, supported by investor-protection mechanisms.