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LS Power Announces Sale of Carville and Oneta projects to Argo Infrastructure Partners

LS Power Announces Sale of Carville and Oneta projects to Argo Infrastructure Partners

LS Power Equity Advisors, through a private fund it manages, has entered into an agreement to sell the Carville Energy Center (516 MW natural gas-fired combined cycle facility in St. Gabriel, LA) and the Oneta Energy Center (1,127 MW natural gas-fired combined cycle facility in Coweta, OK) to an investment vehicle managed by Argo Infrastructure Partners. LS Power Equity Advisors originally acquired the projects from Calpine Corporation along with four other assets. The sale is subject to customary regulatory approvals and is expected to close in the fourth quarter of 2019.

About LS Power:

Founded in 1990, LS Power is a privately owned, independent power company with offices in New York, New Jersey, Missouri, California and Texas. LS Power is a developer, owner, operator and investor in power generation and electric transmission infrastructure throughout the United States. Since inception, LS Power has developed, constructed, managed or acquired more than 41,000 MW of competitive power generation and 630 miles of transmission infrastructure, for which it has raised over $40 billion in debt and equity financing. For more information, please visit www.LSPower.com