Blackstone Announces Agreement to Acquire Hill Top Energy Center in Western Pennsylvania for Nearly $1 Billion

(NYSE:BX) NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) announced today that private equity funds affiliated with Blackstone Energy Transition Partners (collectively, “Blackstone Energy Transition Partners”) have entered into a definitive agreement to acquire Hill Top Energy Center (“Hill Top”), a 620-megawatt natural gas power plant in Western Pennsylvania for nearly $1 billion, from Ardian, a global private investment firm. This transaction follows Blackstone’s recent July 2025 announcement that it