LS Power Agrees to Acquire 1,279 MW Power Generation Portfolio From Dynegy
New York, NY February 28, 2017 — U.S. power and energy infrastructure owner LS Power Equity Advisors, LLC (“LS Power”) announced today that it has signed an agreement to acquire approximately 1,279 MW of generation resources in the Northeastern United States from Dynegy, Inc. (NYSE: DYN).
The facilities are located in the PJM power market and the aggregate portfolio consists of the following:
- Armstrong Power (Shelocta, PA) – 639 megawatts, natural gas-fired facility comprised of four simple-cycle peaking units
- Troy Energy (Luckey, OH) – 640 megawatts, natural gas-fired facility comprised of four simple-cycle peaking units
The transaction is expected to close in the third quarter of 2017, pending receipt of necessary regulatory approvals and third-party consents.