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LS Power Announces Sale of Run-Of-River Hydro assets to Cube Hydro

LS Power Announces Sale of Run-Of-River Hydro assets to Cube Hydro

LS Power Equity Advisors, through a private fund it manages, has entered into an agreement to sell its 100% ownership interest in 10 run-of-river hydro facilities to Cube Hydro Partners, LLC. LS Power Equity Advisors originally acquired the projects from FirstEnergy Corporation in February 2014. The sale is expected to close in the First Quarter of 2015.

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.