# Morgantown Generating Plant

PJM asset profile · https://askthegrid.com/assets/facilities/morgantown-generating-plant

Lanyard Power Holdings, LLC - Charles County - PJM

Morgantown Generating Plant (EIA 1573) is a four-unit petroleum-liquids generating facility located at 12620 Crain Highway, Newburg, Charles County, Maryland. The plant comprises Generators 3–6, four General Electric Power Frame 7 combustion-turbine units, each with 65 MW nameplate capacity, for a total of 260 MW. The units entered service in May–June 1973 and operate on distillate fuel oil. As of June 2026, the plant was operating and generating approximately 23.8 GWh annually. On February 2, 2026, Chesapeake Data LLC (a wholly owned subsidiary of TeraWulf Inc.) announced an agreement to acquire Morgantown Power LLC from Lanyard Power Holdings LLC. FERC authorized the ownership transfer on July 29, 2026; the transaction remains subject to closing conditions.

## Metrics

- **Nameplate capacity:** 260 MW — Canonical EIA plant baseline.
- **Registry anchor:** Plant 1573 — plant-1573

## Facts

- **Technology:** Petroleum Liquids
- **Operator:** Lanyard Power Holdings, LLC

## Related parties

- **Parent company:** GenOn Holdings, LLC — Parent company of Lanyard Power Holdings, LLC ([source](https://www.genon.com/))
- **Parent company:** GenOn, Inc. — Ultimate parent company ([source](https://www.genon.com/))
- **Acquirer:** Chesapeake Data LLC — Proposed purchaser and acquiring entity ([source](https://www.terawulf.com/))
- **Parent company:** TeraWulf Inc. — Parent company of Chesapeake Data LLC ([source](https://www.terawulf.com/))
- **Transmission owner / interconnecting utility:** Potomac Electric Power Co. — Transmission and distribution owner ([source](https://www.pepco.com/))
- **Former owner:** Potomac Electric Power Company (PEPCO) — Historical owner ([source](https://www.pepco.com/))
- **Acquirer:** Southern Energy, Inc. — 2000 portfolio buyer / predecessor owner
- **Affiliate / power marketer:** Heritage Power Marketing, LLC — FERC-registered market participant ([source](https://www.genon.com/))

## Sources

- [monitoringanalytics.com](http://monitoringanalytics.com/filings/2026/IMM_Comments_Docket_No_EC26-58_20260304.pdf) — monitoringanalytics.com · public_source — Source retained for exact-record publication review.
- [investors.terawulf.com](https://investors.terawulf.com/news-events/press-releases/detail/129/terawulf-expands-digital-and-power-infrastructure-portfolio-with-strategic-acquisitions-in-kentucky-and-maryland) — investors.terawulf.com · public_source — Source retained for exact-record publication review.
- [mbrweb.ferc.gov](https://mbrweb.ferc.gov/SearchMBRAssetAppendix/AssetAppendixDetails?AssetAppendixId=10499) — mbrweb.ferc.gov · authoritative — Source retained for exact-record publication review.
- [thebaynet.com](https://thebaynet.com/terawulf-morgantown-power-plant-ferc-approval/) — thebaynet.com · public_source — Source retained for exact-record publication review.

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Canonical page: https://askthegrid.com/assets/facilities/morgantown-generating-plant
Website: [Lanyard Power Holdings, LLC](https://www.genon.com/)

Source: Ask the Grid — https://askthegrid.com/