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LS Power Agrees to Acquire Duke Energy’s DENA Power Generation Assets – Firm Commits to Smooth Transition

LS Power Agrees to Acquire Duke Energy’s DENA Power Generation Assets – Firm Commits to Smooth Transition

On Monday, January 9th, Duke Energy announced the sale of its Duke Energy North America (“DENA”) power generation assets to a member of the LS Power Group (“LS Power”). Since its founding in 1990, LS Power has been a developer, owner, and manager of power plants. The firm has owned, managed and operated thousands of megawatts of generation capacity in markets throughout the United States.

LS Power sees significant long-term potential in the DENA facilities. The quality of the assets, the outstanding operational track record of each of the facilities and the skilled plant personnel were all important components of the acquisition decision. Going forward, LS Power will seek to build upon the facilities’ past successes and improve the portfolio’s performance. The firm is committed to making the transition of the assets from Duke to LS Power a smooth one for the employees and the local communities. LS Power is looking forward to working with the plant personnel and becoming a member of the greater business communities.

The LS Power Group

Founded in 1990, the LS Power Group is a fully integrated power plant owner, developer and manager with offices in New York, New Jersey, Missouri and Florida.

LS Power Group Contact:
Darpan Kapadia, Managing Director
212-615-3456
dkapadia@lspower.com

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.