Infrastructure firm ArcLight Capital Partners LLC has formed Alpha Generation LLC (AlphaGen) to provide strategic management and oversight of its power infrastructure portfolio, which generates nearly $2 billion in annual revenue, according to a Jan. 10 press release.

AlphaGen will oversee the strategic, commercial and operational activities for ArcLight funds' power infrastructure portfolio and assets, one of the nation's largest power portfolios. The power infrastructure portfolio managed by AlphaGen includes low-cost, low-carbon strategically located assets that provide critical supply to key demand centers, including throughout the tri-state area of New York, New Jersey and Connecticut.

AlphaGen manages more than 13,000 megawatts of power infrastructure across four regional transmission organization markets—PJM, NYISO, ISONE and CAISO—and oversees Eastern Generation, Generation Bridge and Parkway Generation, among other ArcLight investments.

"The creation of AlphaGen builds on ArcLight's leading position as a proven and experienced power infrastructure investor," said Dan Revers, managing partner of ArcLight. "We believe power infrastructure will play an increasingly critical and necessary long-term role as demand increases on the back of electrification, data center growth and AI, amongst other things. To help support this growth and create value, we have brought together an industry-leading team with a proven track record of strategic, operational and commercial experience overseeing and operating power generation assets."

Curt Morgan, a longtime industry executive, has been named CEO and chairman of AlphaGen effective May 1. Morgan was previously CEO of Vistra, an integrated retail electricity and power generation company. At Vistra, he helped establish Vistra as a power and energy transition leader while transforming it from a single-state provider into one of the largest power producers and retailers in the country. 

Morgan is currently a senior adviser to ArcLight. Mark Sudbey will serve as interim CEO until Morgan joins. Mary Anne Brelinsky will round out the top level executives as president and COO.

“We believe AlphaGen's infrastructure is well positioned to deliver safe, reliable and critical power to meet current and increasing demand," Morgan said. "I look forward to working with Mark, Mary Anne and the rest of the leadership team to help drive value, mitigate risk and capitalize on new investment opportunities, which a portfolio such as this is likely to create."

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