LS Power Announces Completion of Project Financing For Sandy Creek Energy Associates, L.P.

LS Power Announces Completion of Project Financing For Sandy Creek Energy Associates, L.P.

LS Power Group announced today that Sandy Creek Energy Associates, L.P. (“Sandy Creek”), a joint venture between subsidiaries of LS Power Group and Dynegy Inc., has completed financing that will allow construction of its 900 megawatt pulverized coal plant in McLennan County, Texas. Sandy Creek’s financing was arranged by Credit Suisse Securities LLC and RBS Securities Corporation.

On financial closing, Sandy Creek sold a 25% undivided ownership interest in the project to Brazos Sandy Creek Electric Cooperative, Inc. Sandy Creek has also entered into a long-term power purchase agreement with Brazos Electric Power Cooperative, Inc., to purchase 150 megawatts of the proposed facility’s output, and expects to enter into additional long-term power purchase agreements with regional load serving entities for the balance of its ownership share.

An affiliate of LS Power and Dynegy will manage construction and commercial operations of the project.

The project is being constructed pursuant to a turnkey engineering, procurement and construction contract with Sandy Creek Power Partners, L.P., a joint venture composed of Zachry Construction Corporation, Overland Contracting Inc, and Gilbert Industrial Corporation. Commercial operation is expected to begin in 2012.


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 47,000 MW of power generation, including utility-scale solar, wind, hydro, battery energy storage, and natural gas-fired facilities. Additionally, LS Power Grid has built 780+ miles of high-voltage transmission, with 350+ miles and multiple grid infrastructure projects currently under construction or development. 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 $54 billion in debt and equity capital to support North American infrastructure. For information, please visit www.LSPower.com.