LS Power Completes Financing for Sandy Creek Energy Station

LS Power Completes Financing for Sandy Creek Energy Station

Sandy Creek Energy Associates, LP closed on a $1,202 million credit facility comprising a $1,025 million term loan B, $102 million senior-secured tax-exempt L/C facility, and $75 million debt service reserve / working capital facility. The B loan will refinance existing debt that was put in place to fund the construction of the facility.

The Sandy Creek Energy Station (“SCES”) is a new highly efficient coal-fired power generation facility located in Riesel, Texas employing advanced emission controls. Sandy Creek Energy Associates, LP owns an undivided ownership in the facility, along with Lower Colorado River Authority and Brazos Sandy Creek Electric Cooperative, Inc. SCES, developed and managed by affiliates of LS Power Development, LLC, sells stable base load power into the ERCOT power market.

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.