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LS Power Completes a Refinancing of the Seneca Pumped Storage Hydro Generating Station

LS Power Completes a Refinancing of the Seneca Pumped Storage Hydro Generating Station

April 27, 2016

LS Power Equity Advisors, through a private fund it manages, announced today it has completed a refinancing of the Seneca Pumped Storage Generating Station, a 508 MW hydroelectric facility located in Warren, Pennsylvania.

The new financing resulted in the issuance of $400 million in 10-year senior secured notes via private offering with institutional investors.

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.