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LS Power Completes Sale of Calhoun Energy Center

LS Power Completes Sale of Calhoun Energy Center

May 16, 2016

LS Power Equity Advisors, through a private fund it manages, has closed on the sale of its 100% ownership interest in the 747 MW Calhoun Energy Center to East Alabama Generating, LLC, a subsidiary of Harbert Power Fund V, LLC. LS Power Equity Advisors originally acquired the project from a subsidiary of NextEra Energy Resources in 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, 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.