News

LSP Madison Funding, LLC closed on a $750 million senior-secured term loan B supported by a 3.6 GW portfolio of power generation assets. These assets comprise both intermediate- and peak-dispatch thermal-fired facilities located throughout the U.S., as well as base load hydroelectric facilities. Proceeds will...

LS Power announced today that it had completed financing and authorized construction of the $550 million Arlington Valley Solar Energy II Project (“AV Solar”), a 127 megawatt (AC) photovoltaic solar farm, near Arlington, Arizona. The AV Solar Project, to be constructed on more than 1,100...

LS Power Group announced today that West Deptford Energy Holdings, LLC has completed financing for the construction of its 738 megawatt (nominal) natural gas-fired, combined-cycle electric generating facility in West Deptford Township, New Jersey. Construction will begin in early 2012 with commercial operations targeted for...

NextEra Energy Resources, LLC, the competitive energy subsidiary of NextEra Energy, Inc. (NYSE:NEE), today announced that one of its subsidiaries has entered into an agreement to sell its ownership interest in a portfolio of natural gas-fired generating assets to an affiliate of LS Power for...

At a ceremony today attended by Delaware Governor Jack Markell, Dover Mayor Carleton E. Carey, Sr. and other dignitaries, White Oak Solar Energy, LLC, (a wholly owned subsidiary of LS Power Group) and SunPower Corp. (NASDAQ: SPWRA, SPWRB) recognized the commencement of operations of the...

San Diego Gas & Electric (SDG&E) today announced it has signed two new renewable contracts -- one with a subsidiary of San Diego-based enXco and the other with Arlington Valley Solar Energy II, LLC (a subsidiary of LS Power Development, LLC) for a combined total...

STAMFORD, Conn.--(BUSINESS WIRE)-- Bolstering its lending portfolio of natural gas-fired power plants, GE (NYSE: GE) unit GE Energy Financial Services announced today it is providing $73 million for three merchant generating facilities owned by an affiliate of LS Power in Illinois and Connecticut. GE Energy Financial...

The LS Power Group (“LS Power”) completed its purchase of three generating assets from PPL Corporation adding approximately 900 megawatts of capacity to LS Power’s electricity generating portfolio. The generating assets acquired from PPL Corporation include the following: Safe Harbor (Pennsylvania) – One-third interest in 421...

Great Basin Transmission, LLC (an affiliate of LS Power) and NV Energy participated in a celebration of the One Nevada Transmission Line (ON Line) with Jonathan Silver, Executive Director of the U.S. Department of Energy’s Loan Programs Office, U.S. Secretary of the Interior Ken Salazar,...

White Oak Solar Energy, LLC (White Oak), a subsidiary of LS Power, has completed project financing for its 10 megawatt Dover SUN Park to be constructed in Dover, Delaware. White Oak's financing was arranged by Union Bank, N.A. White Oak has also executed agreements with SunPower...