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LS Power Completes Acquisition of EMC Development Co.

LS Power Completes Acquisition of EMC Development Co.

In July 2019, LS Power acquired EMC Development Company (trade name Electric Market Connection, ”EMC”) through its CPower portfolio company.

EMC, based in Columbia, Maryland, is the largest non-utility energy efficiency (“EE”) aggregator in PJM. EMC manages ~315 MW of EE resources, with ~80% located in premium, non-RTO capacity zones (EMAAC, PSEG, MAAC). Through the acquisition of EMC, CPower will become the largest EE provider in PJM, more than doubling its existing EE MW under management to ~515 MW. As a result of this transaction, there are enhanced growth opportunities for the combined entity across energy efficiency, demand response and distributed energy service offerings.

About CPower:
Founded in 2014, CPower is a leading demand-side energy management solutions provider that helps commercial, industrial and government organizations in the U.S. energy markets save on energy costs, earn revenue through energy curtailment, enhance their sustainability efforts, and contribute to a balanced, reliable grid. CPower create customized energy strategies designed to help customers achieve success through demand response and demand management programs including automated curtailment, storage, and energy efficiency monetization. For more information, please visit www.CPowerEnergyManagement.com

About LS Power:

Founded in 1990, LS Power is a privately 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 41,000 MW of competitive power generation and 630 miles of transmission infrastructure, for which it has raised over $40 billion in debt and equity financing. For more information, please visit www.LSPower.com