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LS Power Completes Sale of Blythe Energy Center to AltaGas Power Holdings

LS Power Completes Sale of Blythe Energy Center to AltaGas Power Holdings

LS Power Equity Advisors, through a private fund it manages, completed its sale of Blythe Energy Center (507 MW natural gas-fired combined cycle plant) and the related 230kV 67-mile electric transmission line to a subsidiary of AltaGas Ltd., a Calgary, Canada-based energy infrastructure company, for $515 million. LS Power Equity Advisors originally acquired the project from a subsidiary of NextEra Energy Resources in Q4 2011 along with three other assets.

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 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 Primary Renewable Fuels. Additionally, LS Power invests in renewables and energy storage through REV Renewables. Across its efforts, LS Power has raised in excess of $47 billion in debt and equity financing to support North American infrastructure. For more information, please visit www.LSPower.com.