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LS Power Announces Acquisition of Hummel Station in PA

LS Power Announces Acquisition of Hummel Station in PA

April 28, 2020

U.S. power and energy infrastructure owner LS Power Equity Advisors, LLC (“LS Power”) announced today that it has signed definitive agreements to acquire the Hummel Power Station in PA.

LS Power will be acquiring the Hummel Station, a 1,124 MW natural gas-fired CCGT facility located in northern Pennsylvania, from a consortium of sellers including Siemens Financial Services and Panda Power Funds. The transaction is expected to close in the third quarter of 2020, pending receipt of necessary regulatory approvals and third-party consents.

About LS Power:

Founded in 1990, LS Power is a premier development, investment, and operating company focused on the North American power and energy infrastructure sector, with leading platforms across generation, transmission and energy transition solutions. Since inception, LS Power has developed or acquired over 47,000 MW of power generation, including utility-scale solar, wind, hydro, battery energy storage, and natural gas-fired facilities. Through LS Power Grid, the firm has built and operates approximately 680 miles of high-voltage transmission and has another 200+ miles and multiple grid infrastructure projects currently under construction or development. Across its efforts, LS Power actively invests in and scales businesses that are accelerating the energy transition, including electric vehicle charging, demand response, microgrids, renewable fuels and waste-to-energy platforms. Over the years, LS Power has raised $53 billion in debt and equity capital to support North American infrastructure.