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LS Power and Southern Power Complete Generating Asset Transaction

LS Power and Southern Power Complete Generating Asset Transaction

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, in addition to its development of more than 660 miles of high voltage transmission, LS Power has developed, constructed, managed or acquired in total 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 Waste-to-Renewable Generation and Fuel initiatives. Additionally, LS Power invests in renewables and energy storage through REV Renewables. Across its efforts, LS Power has raised in excess of $48 billion in debt and equity financing to support North American infrastructure. For more information, please visit www.LSPower.com.