Letter to Bridgepoint ECP re Gavin September 2024

The document is a letter expressing concern over Energy Capital Partners' (ECP) pending acquisition of Lightstone Holdco LLC, which owns the General James M. Gavin Power Plant. The authors highlight the plant's high emissions and public health risks, contrasting this acquisition with Bridgepoint's public commitments to decarbonisation and sustainability. They request a commitment to retire the plant by 2028.

• The General James M. Gavin Power Plant is identified as one of the highest emitting and most hazardous coal plants in the United States, emitting 14.7 million tons of CO2 in the previous year.
• The Gavin Power Plant is linked to significant public health issues, with Sierra Club modeling estimating that particulate emissions from the plant cause 244 premature deaths annually.
• The authors argue that the acquisition of the Gavin Power Plant contradicts Bridgepoint's public claims of being a "market-leader in electrification, decarbonisation and sustainability-focused added value investing" and its goal to contribute to the "global decarbonisation effort".
• The letter notes that the Gavin Power Plant is 50 years old, which aligns with the average retirement age for coal-fired generating units since 2000, and that such plants typically face increasing maintenance costs and decreasing performance as they age.

APA

Private Equity Stakeholder Project (2024). Letter to Bridgepoint ECP re Gavin September 2024. https://pestakeholder.org/wp-content/uploads/2024/09/Letter-to-Bridgepoint-ECP-re-Gavin-September-2024.pdf

Chicago

Private Equity Stakeholder Project. Letter to Bridgepoint ECP re Gavin September 2024. 2024. https://pestakeholder.org/wp-content/uploads/2024/09/Letter-to-Bridgepoint-ECP-re-Gavin-September-2024.pdf.

Wikipedia

{{cite press release |author=Private Equity Stakeholder Project |title=Letter to Bridgepoint ECP re Gavin September 2024 |date=11 September 2024 |url=https://pestakeholder.org/wp-content/uploads/2024/09/Letter-to-Bridgepoint-ECP-re-Gavin-September-2024.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{privateequitystakeholderproject2024letter, author = {{Private Equity Stakeholder Project}}, title = {{Letter to Bridgepoint ECP re Gavin September 2024}}, publisher = {Private Equity Stakeholder Project}, year = {2024}, month = sep, url = {https://pestakeholder.org/wp-content/uploads/2024/09/Letter-to-Bridgepoint-ECP-re-Gavin-September-2024.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }