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LS Power Announces Sale of Decatur Energy Center to Capital Power

LS Power Announces Sale of Decatur Energy Center to Capital Power

New York, NY – April 12, 2017 — LS Power Equity Advisors, through a private fund it manages, has entered into an agreement with Capital Power Corporation to sell the Decatur Energy Center, subject to regulatory approvals. LS Power Equity Advisors originally acquired the project from Calpine Corporation in 2014 along with five other assets. The sale is expected to close in the Third Quarter of 2017.

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, LS Power has developed, constructed, managed, or acquired more than 46,000 MW of power generation, including utility-scale solar, wind, hydro, natural gas-fired, and battery energy storage projects, of which ~17,000 MW are currently operating. LS Power’s Energy Transition Platforms include CPower Energy Management, Endurant Energy, EVgo, Rise Light & Power, and REV Renewables, as well as Waste-to-Energy initiatives. In addition, LS Power developed and operates over 680 miles of high-voltage transmission, with an additional 100+ miles and multiple substations under construction. Across these efforts, LS Power has raised $50 billion in debt and equity financing to support North American infrastructure. Through 2021, assets under LS Power control avoided 80.67 million metric tons of CO2e, equivalent to nearly 187 million barrels of oil not consumed or over 17.5 million cars taken off the road for one year. For more information, please visit www.LSPower.com.