03:37 PM EDT, 07/15/2025 (MT Newswires) -- PPL (PPL) and Blackstone Infrastructure announced Tuesday the establishment of a partnership to construct, own, and manage new gas-fired, combined-cycle power plants that will supply energy to data centers through a long-term energy services contract.

The joint venture aims to create front-of-the-meter generation located above the Marcellus and Utica shale formations, can rapidly link to substantial existing gas pipeline capacity and focuses on regions with high data center demand, the company said.

PPL has a 51% stake in the joint venture, while Blackstone Infrastructure holds 49%.

The joint venture aims to establish long-term energy service contracts with regulated risk profiles that shield the companies from volatility in merchant energy and capacity prices, according to the company.

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