LS Power Announces Sale of Hunlock facility to UGI subsidiary

LS Power Announces Sale of Hunlock facility to UGI subsidiary

LS Power Equity Advisors, through a private fund it manages, has entered into an agreement to sell Hunlock Creek (44 MW natural gas facility) to a subsidiary of UGI Corporation, subject to regulatory approvals. LS Power Equity Advisors originally acquired the project from FirstEnergy Corporation along with five other assets. The sale is expected to close in the second half of 2018.

About LS Power:

Founded in 1990, LS Power is an employee-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 39,000 MW of competitive power generation and 560 miles of transmission infrastructure, for which it has raised over $39 billion in debt and equity financing. For more information, please visit www.LSPower.com