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LS Power Closes Financing for LSP Madison Funding, LLC

LS Power Closes Financing for LSP Madison Funding, LLC

LSP Madison Funding, LLC closed on a $750 million senior-secured term loan B supported by a 3.6 GW portfolio of power generation assets. These assets comprise both intermediate- and peak-dispatch thermal-fired facilities located throughout the U.S., as well as base load hydroelectric facilities. Proceeds will be used to pay down existing project-level financing and finance the acquisition of certain of the facilities.

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 developed, constructed, managed, or acquired more than 46,000 MW of power generation, including utility-scale solar, wind, hydro, natural gas-fired, and battery energy storage projects, of which ~16,700 MW are currently operating. LS Power’s Energy Transition Platforms include CPower Energy Management, Endurant Energy, EVgo, Rise Light & Power, and REV Renewables, as well as Waste-to-Energy initiatives. In addition, LS Power developed and operates over 660 miles of high-voltage transmission, with an additional 100+ miles and multiple substations under construction. Across these efforts, LS Power has raised $49 billion in debt and equity financing to support North American infrastructure. Through 2021, assets under LS Power control avoided 80.67 million metric tons of CO2e, equivalent to nearly 187 million barrels of oil not consumed or over 17.5 million cars taken off the road for one year. For more information, please visit www.LSPower.com.