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LS Power and Southern Power Complete Generating Asset Transaction

LS Power and Southern Power Complete Generating Asset Transaction

December 17, 2009

The LS Power Group (“LS Power”) and Southern Power completed their previously announced transaction related to the West Georgia and DeSoto generating plants. Southern Power acquired the West Georgia plant from LS Power in exchange for the DeSoto plant and other proceeds. The West Georgia plant is a 600 megawatt natural gas-fired simple cycle facility in Thomaston, Georgia. The DeSoto plant is a 320 megawatt natural gas-fired simple cycle facility in Arcadia, Florida.

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.