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LS Power to Acquire 1,279 MW Power Generation Portfolio in PJM

LS Power to Acquire 1,279 MW Power Generation Portfolio in PJM

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.

About LS Power:

LS Power is a development, investment and operating company focused on the North American power and energy infrastructure sector. Since its inception in 1990, in addition to its development of more than 660 miles of high voltage transmission, LS Power has developed, constructed, managed or acquired in total more than 45,000 MW of power generation, including utility-scale solar, wind, hydro, natural gas-fired and battery energy storage projects. LS Power actively invests in distributed energy resource platforms, such as CPower Energy Management, Endurant Energy and EVgo, as well as Waste-to-Renewable Generation and Fuel initiatives. Additionally, LS Power invests in renewables and energy storage through REV Renewables. Across its efforts, LS Power has raised in excess of $48 billion in debt and equity financing to support North American infrastructure. For more information, please visit www.LSPower.com.