The joint venture lacks identified customers and gas turbines, and the first power plants likely wouldn't be built until around 2031, depending on data center interest.

PPL Corp. (NYSE:PPL) is the "biggest winner" from this week's Pennsylvania Energy and Innovation Summit, with its joint venture with Blackstone Infrastructure to build gas-fired power plants to serve data centers in Pennsylvania and across the PJM Interconnection,

Pennsylvania electric and gas utility PPL and Blackstone Infrastructure have formed a joint venture to build natural gas generation stations to power data centers under long-term energy services agreements,

Blackstone and PPL have created a joint venture that intends to invest in new natural gas power plants in the state.

Blackstone Infrastructure have formed a joint venture to build, own, and operate natural gas combined-cycle generation plants in Pennsylvania specifically designed to serve data center loads through long-term energy service agreements (ESAs).

Gov. Josh Shapiro, and top energy executives unveiled more than $90 billion in new investments aimed at positioning Pennsylvania as a major hub for energy ... Read More »

The summit was held July 15 at Carnegie Mellon University and featured top executives in energy and AI, global investors, among others.

PPL and Blackstone form joint venture to build natural gas power plants to meet rising demand from data centers and avoid electricity shortfalls.

President Donald Trump and U.S. Sen. David McCormick on Tuesday announced tens of billions of dollars in energy investments throughout Pennsylvania, and two energy companies with Lehigh Valley