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History

Founded in 1990, LS Power has grown from a start-up to a team of over 200 professionals, beyond which it employs thousands of contracted construction and operations personnel across the United States.

But some things never change: our finger always being on the pulse of the power industry, our track record of creating innovative solutions for complex problems, our culture of discipline and the proficiency of the people that work for us.

Over the years, LS Power has anticipated change and expanded its capabilities and resources to allow for the development, construction and acquisition of a diverse mix of generation assets (including gas-fired, solar, wind, hydro and battery storage) and high-voltage transmission lines. For the projects we acquire, our team works to improve their operational efficiency and capability. For the projects we develop, we look to build capacity that is more efficient or flexible than traditional forms of generation, facilitating the transition of the grid to one that is lower cost and cleaner. Beyond generation, LS Power is acquiring and scaling energy efficiency platforms and building hundreds of miles of transmission lines to distribute cleaner electricity to homes and businesses and make our grid more resilient.

“Through all of our activities, we are enabling America’s transition to a greener and more efficient power grid. Importantly, we seek to align ourselves with the needs and desires of our customers – the people and businesses that pay the electric bills.” -LS Power CEO Paul Segal

Recent Headlines

2016

LS Power acquires two simple-cycle, natural gas-fired power generation facilities from NRG Energy.

2015

PJM selects LS Power from a first-of-its-kind competitive process (FERC 1000) to design, construct, own, operate and maintain the Delaware – New Jersey electric transmission project. LS Power introduces an industry first: a construction cost cap to protect consumers from project overruns.

2013

LS Power breaks ground on the Centinela Solar Energy project, which began commercial operation in 2014. The $700 million facility will generate 170 megawatts to supply San Diego Gas & Electric with enough electricity to power one million homes annually.

2011

LS Power completes financing for West Deptford Energy Station in New Jersey. The 738 MW electric generating facility utilizes state-of-the-art combustion turbine technology with advanced emission controls.

2010

Dover Sun Park opens. LS Power constructed the 10 MW solar power plant – one of the Mid-Atlantic region’s largest – through a statewide partnership with the City of Dover, Delmarva Power, Delaware Municipal Electric Corporation (DEMEC) and the Delaware Sustainable Energy Utility (SEU).

LS Power Through The Years

2009 – present

LS Power Development financed and constructed several utility-scale generation (including solar photovoltaic  and natural gas-fired facilities) and high-voltage transmission projects totaling over $4 billion in capital investment.

2005 – present

Extending its platform resources to optimize existing assets, LS Power Equity Advisors was formed in 2005. For LS Power Equity Advisors and other investment vehicles, LS Power has raised over $10 billion in committed capital for its power and energy infrastructure-focused investments.

2000 – 2007

Amid rising natural gas prices and customer demand for base load generation, LS Power Development’s activities were reoriented toward developing efficient and environmentally compliant coal plants. These activities ultimately culminated in the construction of two facilities with a capital cost in excess of $3 billion.

1998 – 2001

Anticipating an eventual overbuild of power generation facilities, LS Power Development successfully divested the entirety of its generation fleet, while retaining its development, construction and management team.

1990 – 2000

Identifying opportunity amid power market deregulation, LS Power Development developed its first nine utility-scale natural gas-fired power generation facilities, with combined capital cost in excess of $2.9 billion.