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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:

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 more than 660 miles of high voltage transmission, LS Power has developed, constructed, managed or acquired in total more than 45,000 MW of power generation, including utility-scale solar, wind, hydro, natural gas-fired and battery energy storage projects. LS Power actively invests in distributed energy resource platforms, such as CPower Energy Management, Endurant Energy and EVgo, as well as Waste-to-Renewable Generation and Fuel initiatives. Additionally, LS Power invests in renewables and energy storage through REV Renewables. Across its efforts, LS Power has raised in excess of $48 billion in debt and equity financing to support North American infrastructure. For more information, please visit www.LSPower.com.