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.