Atlantic Power Transmission LLC Announces Partnership with Offshore Energy Industry Experts Morrison Energy to Invest in New Jersey’s Workforce And Bring Jacket Foundation Fabrication to the State

• Builds off APT’s previously announced $50 million pledge to workforce development in  New Jersey 
• Morrison to establish a base in New Jersey; local fabrication of 5,000-ton substation  foundation jackets, a first for the East Coast; train & credential Garden State union  workers in new skilled tasks 
• Project backed by Blackstone, a proven long-term investor and operator in  infrastructure, transmission and clean energy 

Princeton, New Jersey – [August 2, 2022] – Atlantic Power Transmission LLC (“APT”), a  Blackstone (NYSE: BX) portfolio company, today announced its partnership with Morrison Energy (“Morrison”) to position New Jersey as a global leader in rapidly developing offshore  wind energy generation and transmission supply chain. The combined collective expertise of APT, Morrison and Blackstone collaborating on this landmark initiative underscores APT’s long-standing commitment to investing in New Jersey’s workforce and kicks off an exciting  chapter in the East Coast’s clean energy transition.  

As part of the agreement, Morrison will have a dedicated presence in New Jersey, adding leading  industry expertise while supporting APT’s commitment of $50 million over ten years to support  workforce development investment in New Jersey via the fabrication of 5,000-ton substation  foundation jackets. Union workers will receive training in a unique skillset, embodying  Blackstone’s approach to working with local workforces and communities. The fabrication  facilities will bring hundreds of jobs to New Jersey and will lay the foundation for future projects  in the state.  

APT will initiate this investment into the New Jersey workforce upon award of its bids to  provide transmission supporting the delivery of 3,600MW of offshore wind power to the existing  electrical grid under the New Jersey Offshore Wind SAA Transmission Solicitation initiated by  the New Jersey Board of Public Utilities and PJM Interconnection. 

The commitment contributes toward the creation of a workforce hub for the burgeoning offshore  wind industry in the Northeast region and the state, addressing one of the recommendations  outlined by the New Jersey Offshore Wind Strategic Plan.  

“Morrison is a leader in the energy sector with an exceptional management team. I’m thrilled to  work alongside Chet Morrison and Kirk Meche, who bring four decades of experience as  thought-leaders in the energy industry,” said Andy Geissbuehler, CEO of APT. “Partnering with  Morrison will bring the industry expertise needed for this project and invest in training our local  workforce to secure New Jersey’s position as a wind leader for decades to come.”  

APT actively partnered with the New Jersey Union Coalition in support of the bids and will  continue to further expand the existing partnership that APT and Blackstone have with labor.  The project’s broad-based New Jersey Union Coalition includes Eastern Atlantic States Regional 

Council of Carpenters, International Union of Operating Engineers Locals 825 & 25, Iron  Workers Local 399, and International Brotherhood of Electrical Workers Local 456. 

“The EAS Carpenters are encouraged by how APT and Morrison have seized this opportunity  and are focused on plans to train and prepare New Jersey’s highly skilled tradesmen and women  for future industries in our state,” said William C. Sproule, Executive Secretary-Treasurer of the  Eastern Atlantic States Regional Council of Carpenters. “Our Union has been committed for over  a century to training the most skilled construction workers in the country, highlighting that fact  by the recent expansion of our existing Hammonton, New Jersey training center and opening the  first union dive school in the country to meet the needs of the new offshore wind industry. The  additional relationship of the EAS Carpenters with preferred partners, APT and Blackstone, will  bring opportunity to New Jersey skilled tradesmen and women for years to come.” 

Commenting on the partnership, Morrison’s Chief Executive Officer, Chet Morrison, said,  “Morrison is committed to the development of offshore wind energy in the United States by  supporting APT’s partnership in developing New Jersey’s union workforce with skilled workers  who can propel the New Jersey wind energy sector forward for decades to come.”  

Greg Lalevee, Business Manager of International Union of Operating Engineers Local 825,  remarked, “APT and Blackstone have been the ideal partners, not only to IUOE 825 but New  Jersey labor generally. They have proactively sought opportunities to train and credential our  collective brotherhood in the skills needed for the transition to offshore wind. We are excited to  collaborate with APT and Morrison on this new, groundbreaking initiative.” 

Kurt Summers, Head of Public-Private Partnerships at Blackstone Infrastructure, commented:  “We are thrilled to partner with Morrison and New Jersey’s labor force to anchor a  transformative initiative that would provide jobs and accelerate the development of the local  clean energy supply chain to make New Jersey the center of the offshore wind industry on the  East Coast.”  

In December 2021, APT announced its bid to develop a clean power transmission solution in  response to the 2021 New Jersey Offshore Wind SAA Transmission Solicitation initiated by the  New Jersey Board of Public Utilities. The partnership between APT and Morrison will be  executed upon award of APT’s bid to provide transmission to deliver 3,600MW of offshore wind  power to the existing electrical grid under the New Jersey Offshore Wind SAA Transmission  Solicitation initiated by the New Jersey Board of Public Utilities and PJM Interconnection. Since  2019, Blackstone has committed over $16 billion in investments that it believes are consistent  with the broader energy transition. 

APT’s comprehensive transmission solution is expected to generate $1.5 billion in economic  benefits to New Jersey, including enabling 1,000 direct jobs annually during five construction  years. Beyond these quantifiable benefits, APT and the New Jersey Union Coalition are working  to establish New Jersey’s industry leadership by focusing on maximizing local manufacturing  opportunities, including working with local companies and building components in-state.  

About Blackstone

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic  impact and long-term value for our investors, the companies we invest in, and the communities  in which we work. We do this by using extraordinary people and flexible capital to help  companies solve problems. Our $941 billion in assets under management include investment  vehicles focused on private equity, real estate, public debt and equity, infrastructure, life  sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary  funds, all on a global basis. Further information is available at www.blackstone.com. Follow  @blackstone on LinkedIn, Twitter, and Instagram. 

Blackstone Infrastructure Partners 

Blackstone Infrastructure Partners is an active investor in energy, transportation, digital  infrastructure and water and waste infrastructure sectors. We seek to apply a long-term buy-and hold strategy to large-scale infrastructure assets with a focus on delivering stable, long-term  capital appreciation together with a predictable annual cash flow yield. Our infrastructure  investment approach focuses on responsible stewardship and stakeholder engagement to create  value for our investors and the communities we serve.  

Atlantic Power Transmission LLC (“APT”) 

APT is a Blackstone Infrastructure Partners portfolio company headquartered in Princeton, New  Jersey, and is dedicated to developing, constructing and operating planned transmission systems  along the US East Coast to enable efficient interconnection of commercial-scale offshore wind  facilities. 

Morrison Energy (Morrison)

Morrison, headquartered in Houma Louisiana, has over 39 years of experience serving as a
preferred contractor and fabricator for many leading energy companies. With U.S. and
international fabrication experience, Morrison is well positioned to construct substation
foundation jackets and ancillary components for large-scale projects.

Contact 

Paula Chirhart
Paula.Chirhart@Blackstone.com
347-463-5453 

Kelly M. Reeves
kreeves@morrisonenergy.com
985-858-3112