Regarding the Sale of Natural Gas Thermal Power Generation Business in Pennsylvania, USA

Key facts

  • Regarding the Sale of Natural Gas Thermal Power Generation Business in Pennsylvania, USA
  • Tokyo Gas has agreed to sell its entire equity interest in Birdsboro Power Holdings Ⅱ, LLC, a natural gas thermal power generation business in Pennsylvania, USA, which it participated in through its wholly-owned subsidiary Tokyo Gas America Ltd., to Strategic PPAV, LLC, a fund managed by Strategic Value Partners, LLC. This move is part of Tokyo Gas's North American midstream and downstream business value chain construction and capital recycling strategy outlined in its 2026-2028 mid-term management plan.
  • Source: PR Times
  • Date: May 8, 2026

Direct answer

Tokyo Gas has agreed to sell its entire equity interest in Birdsboro Power Holdings Ⅱ, LLC, a natural gas thermal power generation business in Pennsylvania, USA, which it participated in through its wholly-owned subsidiary Tokyo Gas America Ltd., to Strategic PPAV, LLC, a fund managed by Strategic Value Partners, LLC. This move is part of Tokyo Gas's North American midstream and downstream business value chain construction and capital recycling strategy outlined in its 2026-2028 mid-term management plan.

Citation
Regarding the Sale of Natural Gas Thermal Power Generation Business in Pennsylvania, USA (May 8, 2026), PR Times
Source
PR Times
Date
May 8, 2026
Tokyo Gas has agreed to sell its entire equity interest in Birdsboro Power Holdings Ⅱ, LLC, a natural gas thermal power generation business in Pennsylvania, USA, which it participated in through its wholly-owned subsidiary Tokyo Gas America Ltd., to Strategic PPAV, LLC, a fund managed by Strategic Value Partners, LLC. This move is part of Tokyo Gas's North American midstream and downstream business value chain construction and capital recycling strategy outlined in its 2026-2028 mid-term management plan.
その他NQ 0/100出典：PR Times

📋 Article Processing Timeline

  • 📰 Published: May 8, 2026 at 22:00
  • 🔍 Collected: May 8, 2026 at 13:31
  • 🤖 AI Analyzed: May 8, 2026 at 22:50 (9h 18m after Collected)
Tokyo Gas Co., Ltd. (President: Shinichi Sasayama, hereinafter "Tokyo Gas") has participated in the natural gas thermal power generation business in Pennsylvania, USA (hereinafter "this business") as part of its North American midstream and downstream business through Birdsboro Power Holdings Ⅱ, LLC (hereinafter "Birdsboro"), in which its wholly-owned subsidiary Tokyo Gas America Ltd. has invested. Tokyo Gas America Ltd. has now agreed to sell all of its equity interest in Birdsboro to Strategic PPAV, LLC, a fund managed by Strategic Value Partners, LLC (hereinafter "SVP"), which is also one of Birdsboro's investors, and has signed an equity transfer agreement. Going forward, various procedures, including permits and approvals in the United States, will be advanced for the sale. Tokyo Gas is promoting the construction of a value chain through its North American midstream and downstream businesses. Moving forward, it will continue to promote capital recycling as stated in its 2026-2028 Mid-Term Management Plan, aiming for further improvement in growth and profitability, and sustainable enhancement of corporate value. Power Plant Name: Birdsboro Power Plant Operating Company Name: Birdsboro Power, LLC Location: Birdsboro, Pennsylvania Business Description: Gas thermal power generation business in North America Generation Capacity: 488,000 kW Generation Method: Gas Turbine Combined Cycle Power Generation Our Equity Interest Ratio: 33.33% Company Name: Strategic Value Partners, LLC Business Description: A global investment firm operating primarily in North America and Europe URL: https://www.svpglobal.com/ That's all.

FAQ

What are the key facts in this article?

Tokyo Gas has agreed to sell its entire equity interest in Birdsboro Power Holdings Ⅱ, LLC, a natural gas thermal power generation business in Pennsylvania, USA, which it participated in through its wholly-owned subsidiary Tokyo Gas America Ltd., to Strategic PPAV, LLC, a fund managed by Strategic Value Partners, LLC. This move is part of Tokyo Gas's North American midstream and downstream business value chain construction and capital recycling strategy outlined in its 2026-2028 mid-term management plan.

What is the direct answer?

Tokyo Gas has agreed to sell its entire equity interest in Birdsboro Power Holdings Ⅱ, LLC, a natural gas thermal power generation business in Pennsylvania, USA, which it participated in through its wholly-owned subsidiary Tokyo Gas America Ltd., to Strategic PPAV, LLC, a fund managed by Strategic Value Partners, LLC. This move is part of Tokyo Gas's North American midstream and downstream business value chain construction and capital recycling strategy outlined in its 2026-2028 mid-term management plan.

What is the source and date?

PR Times: https://prtimes.jp/main/html/rd/p/000001426.000021766.html | May 8, 2026

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