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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:

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 consistently been at the leading edge of the industry’s evolution, often introducing or commercializing new technologies and developing new markets. To date, LS Power has developed, constructed, managed or acquired more than 42,000 MW of power generation, including utility scale solar, wind, hydro, natural gas-fired and battery storage projects, and over 630 miles of transmission, for which it has raised in excess of $44 billion in debt and equity financing to support North American infrastructure. Additionally, LS Power actively invests in businesses and platforms focused on distributed energy resources and energy efficiency. For more information, please visit www.LSPower.com.