Morgan Stanley Investment Management (MSIM), through investment funds managed by Morgan Stanley Infrastructure Partners (MSIP), its private infrastructure investment platform, has announced it has agreed to sell its ownership stake in Thermal Bayonne Holdings (Bayonne Energy Center) to Jupiter Energy Investor.
Located in Bayonne, New Jersey, Bayonne Energy Center supplies electricity, capacity and ancillary services exclusively to New York City via a dedicated subsea cable system. MSIP acquired the generating facility in 2018 and has since managed the plant through its power asset management platform TigerGenCo.
Bayonne Energy Center is a 660-megawatt dual-fuel generating facility serving the five boroughs of New York City or what is referred to as NYISO Zone J, one of 11 geographic "load zones" managed by the New York Independent System Operator (NYISO) to maintain the reliability of the state's bulk power grid and administer wholesale electricity markets. Bayonne was
