LS Power Announces Sale of Calhoun Energy Center to Harbert Power
LS Power Equity Advisors, through a private fund it manages, has entered into an agreement with East Alabama Generating, LLC, a subsidiary of Harbert Power Fund V, LLC, to sell Calhoun Energy Center, subject to regulatory approvals. LS Power Equity Advisors originally acquired the project from a subsidiary of NextEra Energy Resources in 2011 along with three other assets. The sale is expected to close in the Second Quarter of 2016.