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LS Power Completes Purchase of Generating Assets from PPL Corporation

LS Power Completes Purchase of Generating Assets from PPL Corporation

March 09, 2011

The LS Power Group (“LS Power”) completed its purchase of three generating assets from PPL Corporation adding approximately 900 megawatts of capacity to LS Power’s electricity generating portfolio. The generating assets acquired from PPL Corporation include the following:

  • Safe Harbor (Pennsylvania) – One-third interest in 421 megawatt hydroelectric station
  • University Park (Illinois) – 540 megawatt natural gas-fired simple cycle
  • Wallingford (Connecticut) – 225 megawatt natural gas-fired simple cycle

About LS Power:

Founded in 1990, LS Power is a premier development, investment, and operating company focused on the North American power and energy infrastructure sector, with leading platforms across generation, transmission and energy transition solutions. Since inception, LS Power has developed or acquired over 47,000 MW of power generation, including utility-scale solar, wind, hydro, battery energy storage, and natural gas-fired facilities. Through LS Power Grid, the firm has built and operates approximately 680 miles of high-voltage transmission and has another 200+ miles and multiple grid infrastructure projects currently under construction or development. Across its efforts, LS Power actively invests in and scales businesses that are accelerating the energy transition, including electric vehicle charging, demand response, microgrids, renewable fuels and waste-to-energy platforms. Over the years, LS Power has raised $53 billion in debt and equity capital to support North American infrastructure.