How big is Newark Energy Center?

Newark Energy Center has a reported capacity of 735 MW. Source: EIA Form 860.

What kind of plant is Newark Energy Center?

Newark Energy Center is a Natural Gas Fired Combined Cycle facility in Essex County, NJ, participating in the PJM market.

Where is Newark Energy Center located?

Newark Energy Center is in Essex County, NJ, inside the PJM balancing area.

Who operates Newark Energy Center?

Newark Energy Center is operated by Hartree Partners LP according to the EIA generator inventory. Reporting membership does not by itself establish ultimate ownership.

How much electricity does Newark Energy Center generate?

Newark Energy Center reported 2,744.2 GWh over the twelve months to 2026-04. Figures are net generation as filed to EIA-923.

How does Newark Energy Center compare to other plants?

By capacity, Newark Energy Center ranks #161 of 538 operating plants of the same technology nationally. It ranks #7 of 14 in NJ.

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Natural Gas Fired Combined CyclePJM · Essex County

Newark Energy Center

Essex County · PJM

Newark Energy Center is a natural gas-fired power facility with 735 MW of EIA-reported nameplate capacity in Essex County, New Jersey, registered as EIA Plant ID 58079. EIF-NEC, LLC, jointly owned by two EIF-managed funds acquired a 50% interest in the plant from Hess Corporation in 2014.

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Overview

Key fields

Reported capacity: 735 MW
EIA-reported nameplate capacity; other nameplate and seasonal ratings may differ.
Technology: Natural Gas Fired Combined Cycle
Primary generation technology.
Registry anchor: Plant 58079
Essex County · PJM
Operating status: Operating

Asset analyst

plant:plant-58079

Ask about Newark Energy Center

Investigate technology, capacity, output, price behavior, ownership, and related facilities using this profile plus current grid data.

Units and generators

Operating generator records and technology attributes reported through EIA-860.

Generator	Capacity	Technology	Operation	Status
GT-1	225 MW 209.3 MW summer	Natural Gas Fired Combined Cycle Natural Gas · CT	Sep 2015	Operating
GT-2	225 MW 210.4 MW summer	Natural Gas Fired Combined Cycle Natural Gas · CT	Sep 2015	Operating
STG-1	285 MW 285.3 MW summer	Natural Gas Fired Combined Cycle Natural Gas · CA	Sep 2015	Operating

Commercial, land, and environmental record

Source-backed project transactions, agreements, land records, permits, and environmental disclosures. Portfolio and adjacent-project facts remain explicitly scoped.

Financing

Equity Acquisition And Project Financing

Jun 2014

Energy Investors Funds acquired 50% equity from Hess; EIF-NEC LLC then held 100%. $590M loan from three co-lead arrangers/joint-book runners: Crédit Agricole CIB, GE Energy Financial Services, and MUFG to support acquisition, construction, and operation.

$590M705 MW contractedEnergy Investors Funds · EIF-NEC LLC · Hess Corporation · Crédit Agricole Corporate and Investment Bank · GE Energy Financial Services · Mitsubishi UFJ Financial Group (MUFG)

Energy Investors Funds Acquires Hess Corporation's 50 Percent Equity Stake In GE-Powered Newark Energy Center In New Jersey With Financing From Crédit Agricole, GE And MUFG | GE News

Refinancing

Aug 17, 2016

South Korean institutions committed $250M to local fund providing senior loans; two domestic lenders provided combined $70M. Total $320M refinancing with seven-year maturity senior loans arranged by NH Investment & Securities.

$320M7 yearsNewark Energy Center · NH Investment & Securities · ING Life Insurance · National Credit Union Foundation of Korea · Shinhan Capital · Nonghyup Life Insurance · Nonghyup · Hyundai Life Insurance · Shinhan Life Insurance · Dongbu Insurance · KB Life Insurance · IBK Insurance

Korean firms complete $320 mn financing for Newark Energy Center of US - KED Global

Refinancing

2016

U.S. refinancing reported at $285M with GE Capital, Industrial and Commercial Bank of China, Siemens participating; Citibank served as lead manager.

$285MNewark Energy Center · GE Capital · Industrial and Commercial Bank of China · Siemens · Citibank

Korean firms complete $320 mn financing for Newark Energy Center of US - KED Global

Acquisition-Related Debt Repayment

Aug 2023

At Hartree acquisition closing, outstanding $675M senior secured term loan facility of EIF-NEC LLC repaid in full at par including PIK payment for 100-day facility extension.

$675MEIF-NEC LLC · Hartree Partners

Newark Energy Center acquisition by Hartree Partners | Davis Polk

Transactions and agreements

Development Agreement

Nov 14, 2012

Hess Corporation signed agreement with EIF-NEC LLC to develop Newark Energy Center, a 655 MW gas-fired electric power plant in Newark, New Jersey.

655 MW contractedHess Corporation · EIF-NEC LLC

Hess, investors to develop gas fired Newark Energy Center

EPC Construction Contract

Aug 31, 2015

Skanska's project completion report identifies $389M project cost for construction of 655 MW Newark Energy Center as general contractor, including assembly, installation, civil, mechanical, structural work.

$389M655 MW contractedSkanska USA

Source

O&M And Energy Management Arrangement

2015

NAES Corporation responsible for operations, maintenance, and energy-management services for Newark Energy Center after commercial operation. No fee or term disclosed.

NAES Corporation · Newark Energy Center

Newark Energy Center Begins Commercial Operations

Asset Acquisition

Aug 2023

Hartree Partners acquired Newark Energy Center from EIF-NEC LLC on August 15, 2023. Acquisition consideration not disclosed; $675M outstanding term loan repaid at par plus PIK payment.

705 MW contractedHartree Partners · EIF-NEC LLC

Newark Energy Center acquisition by Hartree Partners | Davis Polk

Land and environmental record

Air-Permit Requirement

Acid Rain permit application required as part of operating-permit renewal package; excess-emissions and compliance requirements

NJDEP enhanced-public-notification material identifies Acid Rain permit application and related excess-emissions and compliance requirements for Newark Energy Center.

Source

Land Parcel And Tax Assessment

Block 5074, Lot 25; also 921-979 Delancy Street, Newark, NJ. Newark Energy Center Urban Renewal LLC identified as owner in City of Newark ordinance.

City of Newark ordinance identifies official tax-map parcel and urban-renewal entity associated with power-plant project.

City of Newark - File #: 14-0182

Permit Modification

May 8, 2024

Administrative amendment BOP240001 dated May 8, 2024 incorporating applicable New Jersey CO2 requirements into turbines' operating permit

NJDEP permit revision history identifies CO2-related minor modification and final-action date.

Newark Energy Center BOP210001 Renewal Statement of Basis

Permitted Air-Emissions Summary

Jan 22, 2026

Draft renewal emissions summary: 119 tons per year ammonia; 10.5 tons per year sulfuric acid; 153 tons per year methane

2026 NJDEP draft renewal permit lists these quantities in summary of other air contaminants from significant source operations.

Newark Energy Center Renewal Permit Draft BOP210001

Site Acreage And Land Use

Jun 20, 2014

Approximately 23 acres of brownfield industrial land

GE press release states Newark Energy Center sits on 23 acres of brownfield industrial land with nearby gas supply access.

Energy Investors Funds Acquires Hess Corporation's 50 Percent Equity Stake In GE-Powered Newark Energy Center In New Jersey With Financing From Crédit Agricole, GE And MUFG | GE News

Overview

Key fields

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Overview

Key fields

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Infrastructure record

Profile

Structured profile

Units and generators

Performance

Peer context

Monthly generation

Grid and market context

Nearby substations

Commercial, land, and environmental record

Financing

Transactions and agreements

Land and environmental record

Related parties and identifiers

Relationship graph

Parties and identifiers

Reporting portfolio

Timeline and sources

Project timeline

Sources

Common questions about Newark Energy Center

How big is Newark Energy Center?

What kind of plant is Newark Energy Center?

Where is Newark Energy Center located?

Who operates Newark Energy Center?

How much electricity does Newark Energy Center generate?

How does Newark Energy Center compare to other plants?

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