Loader
 

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:

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 ~17,000 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 680 miles of high-voltage transmission, with an additional 100+ miles and multiple substations under construction. Across these efforts, LS Power has raised $50 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.