Houlihan Lokey Advises Rockland Capital
Rockland Capital, LP, has sold
100% of its interest in the 677
MW Lee County Generating
Station and the 586 MW Tait
Electric Generating Station to
Hull Street Energy, LLC
Sellside Advisor
Houlihan Lokey is pleased to announce that Rockland Capital, LP (Rockland) has successfully sold 100% of the economic interests in two power plants to Hull Street Energy, LLC: Lee County Generating Station (Lee), a 677 MW natural gas-fired facility in Illinois, and Tait Electric Generating Station (Tait), a 586 MW dual-fuel facility in Ohio. The transaction closed on August 25, 2026.
Lee, located in Dixon, Illinois, and Tait, located in Dayton, Ohio, are both simple-cycle power plants providing merchant power and capacity into the constrained Pennsylvania-New Jersey-Maryland Interconnection (PJM) electricity market, where tightening supply-demand dynamics are increasing the need for reliable, fast-start resources to support grid stability.
Houlihan Lokey served as financial advisor to Rockland.
RELATED: Power, Utilities, and Renewables, Mergers and Acquisitions