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LS Power Announces Sale of Calhoun Energy Center to Harbert Power

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.

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 over 660 miles of high voltage transmission, LS Power has developed, constructed, managed or acquired more than 45,000 MW of power generation, including utility-scale solar, wind, hydro, natural gas-fired and battery energy storage projects. Additionally, LS Power actively invests in businesses focused on renewable energy and fuels, as well as distributed energy resource platforms, such as CPower Energy Management and EVgo. Across its efforts, LS Power has raised in excess of $47 billion in debt and equity financing to support North American infrastructure. For more information, please visit www.LSPower.com