{"id":268236,"date":"2026-08-19T16:04:08","date_gmt":"2026-08-19T16:04:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/268236\/"},"modified":"2026-08-19T16:04:08","modified_gmt":"2026-08-19T16:04:08","slug":"upstream-goes-downstream-equinor-buys-into-scranton-power-plant","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/268236\/","title":{"rendered":"Upstream Goes Downstream: Equinor Buys Into Scranton Power Plant"},"content":{"rendered":"<p>\t<img alt=\"\" fetchpriority=\"high\" decoding=\"async\" class=\"alignleft size-medium wp-image-121271\" src=\"https:\/\/www.newsbeep.com\/us-pa\/wp-content\/uploads\/2026\/08\/upstream-goes-downstream-300x200.jpg\" width=\"300\" height=\"200\"  \/>Norway&#8217;s Equinor \u2014 the company we all used to call Statoil \u2014 announced Monday it is buying a majority interest in the Lackawanna Energy Center (LEC), the big Marcellus-fired power plant in Jessup, PA, just outside Scranton. Equinor is paying $940 million for 87.71% of the Class A shares in the 1,483-megawatt plant, buying them from funds managed by Global Infrastructure Partners (GIP), which is now part of BlackRock. Invenergy, which built LEC and has run it since day one, stays on as operator. MDN has followed this plant since it was nothing but a proposal and a pile of angry town council meetings (see <a href=\"https:\/\/marcellusdrilling.com\/?s=%22lackawanna+energy+center%22\" rel=\"nofollow noopener\" target=\"_blank\">MDN&#8217;s LEC coverage<\/a>), so this one hits close to home \u2014 literally, since the plant sits two counties from MDN world headquarters.<\/p>\n<p style=\"text-align: center\">&#13;<br \/>\nTo view this content, log into your member account. (Not a member? <a href=\"https:\/\/marcellusdrilling.com\/join-us\/\" rel=\"nofollow noopener\" target=\"_blank\">Join Today!<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"Norway&#8217;s Equinor \u2014 the company we all used to call Statoil \u2014 announced Monday it is buying a&hellip;\n","protected":false},"author":2,"featured_media":268237,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[178,180,179],"class_list":["post-268236","post","type-post","status-publish","format-standard","has-post-thumbnail","category-scranton","tag-scranton","tag-scranton-headlines","tag-scranton-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/268236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=268236"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/268236\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/268237"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=268236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=268236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=268236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}