From construction to investment and operation, the LS Power team integrates energy solutions, skills and market trends to identify, evaluate and execute on opportunities that are designed to benefit our customers, communities and investors.
Our team of more than 280 people spans multiple disciplines across project development, acquisitions, project finance, engineering, construction management, power marketing and origination, fuel management, transmission, and regulatory and environmental compliance. Additionally, we create thousands of jobs throughout the country at our project sites through our development and operations activities.
Across our efforts, LS Power facilitates new forms of clean energy and takes the necessary steps to ensure that safe, dependable electricity is available for future generations.
Founder & Chairman
Mike Segal founded LS Power in 1990 and has more than four decades of experience in the power industry. Under Mr. Segal’s leadership, LS Power has grown to become one of the largest independent power and energy infrastructure developers in the United States, involved in the development of renewable and fossil-fired power plants as well as major transmission projects across the nation. Additionally, the Firm has raised $10 billion in committed equity capital for its power and energy infrastructure-focused private investment partnerships. Since its inception, LS Power has developed, constructed, managed or acquired more than 45,000 MW of power generation and 660 miles of transmission assets throughout the United States. Towards its endeavors, LS Power has raised more than $47 billion in debt and equity financing to support North American infrastructure..
Prior to LS Power, Mr. Segal served as Co-Head of Commercial Union Energy Corporation where led their investments in power generation projects. Before that, Mr. Segal was President of The Energy Systems Company, a private developer of cogeneration projects. He also held various positions, including General Manager of Power Generation and Systems Planning, with LEMCO Engineers, Inc. in St. Louis, Missouri. Prior to LEMCO, Mr. Segal worked for the Department of Energy in the former Soviet Union.
Mr. Segal received an M.S. in Electrical Engineering from Kharkov Polytech Institute in the Ukraine. He immigrated to the United States in 1978 and is a United States citizen.
Chief Executive Officer
Paul Segal is the Chief Executive Officer of LS Power and has served in that capacity since 2011. Mr. Segal is also a member of LS Power’s Management Committee, overseeing one of the largest independent power and transmission developers in the United States. Since its inception in 1990, LS Power has consistently been at the leading edge of the industry’s evolution, often introducing or commercializing new technologies and developing new markets.
To date, 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 storage projects, and 660 miles of transmission. Additionally, LS Power actively invests in businesses and platforms focused on distributed energy resources and energy efficiency. Through its greenfield businesses and investment partnerships, LS Power has raised over $47 billion in debt and equity financing to support North American infrastructure.
Prior to his appointment as CEO, Mr. Segal oversaw LS Power’s asset management and renewables development activities. In 2002, Mr. Segal founded Luminus Management, a hedge fund which invested across the capital structure of publicly-traded power, energy, utility and related companies. He was President and Portfolio Manager until 2011 and sold the business in 2017. Mr. Segal began his career at Smith Barney as a generalist in the Mergers and Acquisitions Investment Banking group.
Mr. Segal is a member of the Mount Sinai Department of Medicine Advisory Board, the Weill Cornell Medicine Dean’s Council, the board of the Digestive Disease Research Foundation, and the Advisory Board of the NYU Law School’s Institute for Policy Integrity.
Mr. Segal graduated with highest honors from the Rutgers College of Engineering with a B.S. in Bio-Chemical Engineering.
Chief Operating Officer
Darpan Kapadia is the Chief Operating Officer of LS Power and is a member of the firm’s Management Committee and Investment Committee, overseeing one of the largest private power generation, transmission and energy infrastructure companies in the United States. Since its inception, LS Power has raised over $47 billion to construct, acquire and operate its projects, including utility-scale solar, wind, hydro, natural gas-fired and battery energy storage assets, and over 660 miles of high voltage transmission. Additionally, LS Power actively invests in businesses and platforms focused on distributed energy resources, such as electric vehicle charging infrastructure, demand response, microgrids, and energy efficiency. Prior to his appointment as COO, Mr. Kapadia was Head of Strategy for the firm. He is also a member of the investment committees of Edge Principal Advisors and Marmora Capital, two affiliated companies that invest across real estate and other alternative asset classes. Prior to joining LS Power in 2004, Mr. Kapadia was a Vice President at Goldman, Sachs & Co. where he managed assets for institutional and private clients. Previously, Mr. Kapadia was a Senior Consultant with PricewaterhouseCoopers LLP where he provided strategic and financial advisory services to corporations.
Mr. Kapadia received a B.A. in Economics with Phi Beta Kappa honors from the College of William and Mary and an M.B.A. with highest distinction from the Kellogg Graduate School of Management at Northwestern University.
Mr. Kapadia currently serves as a director of EVgo Inc and REV Renewables, LLC. He is also a member of the William and Mary Foundation Board of Trustees, the William and Mary Public Policy Advisory Board, and Kellogg’s Alumni Council and Private Equity Council.
Vice Chairman
Mr. Bartlett serves as Vice Chairman and as a member of the Management Committee. Mr. Bartlett joined LS Power in 2005. Prior to joining LS Power, Mr. Bartlett served as a Managing Director in Credit Suisse’s Energy Investment Banking Group where he focused on mergers and acquisitions and financing transactions in the utility and independent power sectors. Previously, Mr. Bartlett was an Associate at Kendall Capital Partners and an Analyst at Drexel Burnham Lambert.
Mr. Bartlett received a B.A. in Economics magna cum laude and an M.A. in Economics with honors from Tufts University.
Co-Head, Private Equity & CFO
Mr. Esteves is the Chief Financial Officer of LS Power and is the Co-Head of the Private Equity business. He is also a member of the Management Committee and is responsible for LS Power Group’s financing activity, which includes over $47 billion in debt and equity capital raised since 2005.
Mr. Esteves joined LS Power in 2004. Prior to joining LS Power, Mr. Esteves served as Executive Vice President at Comverge, Inc., a power technology firm serving electric utilities. Previously, he spent fifteen years with major investment banking firms focused on the Energy and Power industries. Those roles included Managing Director and Region Head Project Finance at UBS; Vice President, Structured Finance at Goldman Sachs & Co.; and Vice President, Corporate Finance at Salomon Brothers Inc.
Mr. Esteves received an M.B.A. from the Wharton School and a B.EE from the Cooper Union.
Co-Head, Private Equity
Mr. Nanus serves as a member of the Management Committee and as Co-Head of the Private Equity business. Mr. Nanus joined LS Power in 2005. Prior to joining LS Power, Mr. Nanus was a Vice President in Lazard Freres’ Power and Energy practice, where he advised power and utility companies on mergers and acquisitions and restructuring transactions. Prior to that, Mr. Nanus was an Associate at Dresdner Kleinwort Wasserstein, where he was a member of both the Financial Sponsors and Global Energy practices. Mr. Nanus began his career with Arthur Andersen, where as a member of the Transaction Advisory Services and Audit Groups he performed due diligence and provided accounting advice related to private equity transactions.
Mr. Nanus received a B.S. in Applied Economics from Cornell University and an M.B.A. with honors from Columbia Business School.
Executive Vice President, General Counsel
Mr. Fischer serves as General Counsel and as a member of the Management Committee. Mr. Fischer joined LS Power in 2006. Prior to joining LS Power, Mr. Fischer was the Deputy General Counsel of Calpine Corporation, where he was involved in all aspects of the development, construction and financing of numerous generation projects, as well as the negotiation and structuring of a variety of commercial and financial arrangements.
Mr. Fischer received a B.A. from UCLA and a J.D. from Hastings College of the Law.
President, LS Power Development
Mr. Thessen leads the team responsible for identifying and executing LS Power’s transmission and fossil generation development opportunities. In this role he oversees the development, environmental permitting, regulatory, origination, engineering and construction management functions of LS Power. Mr. Thessen joined LS Power in 1992 and has participated in the successful development of more than 10,000 MW of greenfield generation projects and several large-scale transmission projects totaling more than 660 miles. Prior to being named President in 2008, Mr. Thessen held various roles within LS Power concentrated on project development and new business development.
Mr. Thessen received a B.S. in Electrical Engineering summa cum laude from the University of Missouri-Rolla.
Executive Vice President, Renewables
Mr. King serves as Executive Vice President, Renewables at LS Power, where he oversees business activities in the West. Additionally, Mr. King serves on LS Power’s Investment Committee. Mr. King joined LS Power in March 2006. Upon joining LS Power, he established LS Power’s solar power business, developing some of the earliest utility-scale Solar and Battery Energy Storage projects completed in the U.S. He also previously held oversight responsibility for LS Power’s portfolio of operating power plants from January 2013 to October 2017. Prior to joining LS Power, Mr. King worked at Calpine Corporation from 1994 to 2005 in various positions, including as a Senior Vice President with responsibilities for Calpine’s business development in the Western United States and international business activities.
Mr. King holds a B.S.C. from Santa Clara University and an M.B.A. from California State University, Hayward.
Senior Vice President, Head of Asset Management
Ms. Murff holds responsibility for the asset management of LS Power’s operating portfolio, for which she oversees the operations and commercial activities of more than 15,000 MW of power generation. Ms. Murff also supports LS Power’s acquisition and divestiture activities. Ms. Murff joined LS Power in 2005. Prior to joining LS Power, Ms. Murff held various positions in acquisition/divesture, development, construction, asset management, and the operation of power generation facilities in domestic and international power markets.
Ms. Murff received a B.S. in Mechanical Engineering from Texas A&M University.
Senior Vice President, Energy and Commercial Management
Mr. Hanson oversees the energy and commercial arrangements which ensure smooth and cost efficient operations of the firm’s assets across its portfolio. Prior to joining LS Power in 2011, Mr. Hanson was a vice president in NextEra Energy Resource’s Power Marketing division, responsible for wholesale load serving transactions and commodity hedge strategies for its portfolio. In addition, he had asset management and development responsibilities, including mergers and acquisitions, for its Northeast portfolio. Previously, Mr. Hanson worked for Intercontinental Energy Corporation, focusing on power plant and large industrial development and asset management. He began his career with General Electric, where he focused on training and operations of power plants utilized in the Naval Nuclear program.
Mr. Hanson received a B.S. in Mechanical Engineering from Worcester Polytechnic Institute and an M.B.A. with honors from Rensselaer Polytechnic Institute.
Senior Vice President, Project Development
Mr. Willick is currently responsible for transmission business development and transmission project development. Since joining LS Power in 1996, Mr. Willick has participated in the successful development of over 7,000 MW of greenfield power generation and several large-scale transmission projects totaling over 560 miles. Prior to joining LS Power, Mr. Willick was a utility industry consultant.
Mr. Willick received a B.S. in Engineering, summa cum laude from Tulane University and a M.B.A. with honors from Tulane University.
Senior Vice President, Project Development
Mr. Colozza has held various positions since joining LS Power in 2001, with a primary role in the project and business development of new power generation and transmission projects. Currently, Mr. Colozza oversees transmission development and planning activities for several projects throughout the United States.
Mr. Colozza holds a B.S. in Electrical Engineering with honors from the University of Missouri-Columbia.
CEO, LS Digital Infrastructure
Patrick Fiel is the CEO of LS Digital Infrastructure, focusing on the development, acquisition and operation of digital infrastructure assets linked to the direct use of sustainable power and investments in clean energy technologies.
Patrick has 20 years of experience leading corporate development, M&A, finance and legal teams at data center and digital infrastructure platforms, real estate investment trusts (REITs), a multinational investment bank and a global law firm. Most recently, Patrick was at EdgeConneX, the private international data center provider, and Equinix, the largest public data center REIT.
Patrick is a member of the Advisory Board of Edelweiss Esports. He graduated from the College of William & Mary (where he also taught as an adjunct professor) and the University of Tennessee College of Law.
Managing Director, Private Equity
Mr. Kim serves as a member of the firm’s Investment Team, responsible for acquisitions, financings and other commercial activities. Mr. Kim joined LS Power in 2010. Previously, Mr. Kim worked in investment banking in the Infrastructure & Utilities group at Macquarie Bank, advising clients on power and utility mergers and acquisitions as well as other transactions. Prior to investment banking, Mr. Kim spent several years working as an engineer in the power generation industry commissioning and operating power plants for Alstom Power and Consolidated Edison Company of New York.
Mr. Kim received a B.S. in Marine Engineering & Shipyard Management from the United States Merchant Marine Academy and an M.B.A. from Georgetown University’s McDonough School of Business.
Managing Director, Private Equity
Mr. Mitchell’s responsibilities at LS Power include mergers and acquisitions, financing, due diligence, and asset management. Mr. Mitchell joined LS Power in 2006. Prior to LS Power, Mr. Mitchell was an Analyst in Merrill Lynch & Co.’s Energy & Power group where he focused on unregulated power generation transactions.
Mr. Mitchell received a B.S. in Commerce with a concentration in Finance from the University of Virginia.
Managing Director, Private Equity & Finance
Mr. Roloff is responsible for project financing, acquisition, and divestiture activities. Mr. Roloff has held various roles since joining LS Power in 2003, including development and financing of the Firm’s greenfield businesses (comprising contracted and merchant thermal and renewable generation, and high voltage transmission facilities), acquisition financing, as well as commercial execution roles. Mr. Roloff began his career as an Analyst with Luminus Management, investing in distressed power generation facilities, and helped to spur the formation of LS Power Equity Advisors.
Mr. Roloff received a B.B.A. magna cum laude from The George Washington University.
Managing Director, Private Equity & Finance
Mr. Burke joined LS Power in 2006. Prior to joining LS Power, Mr. Burke was an Executive Director in CIBC World Markets’ Leveraged Finance/Sponsor Coverage Group, where he focused on leveraged buyouts and general acquisitions for private equity groups that specialized in power, energy and general infrastructure. Previously, he was a Director of Structured Finance with BZW, the Investment Banking Division of Barclays Bank PLC, where he specialized in domestic investor-owned electric utilities, independent power companies and infrastructure projects. Over his career, Mr. Burke has advised on, structured and arranged over $30 billion of power related financings in all layers of the capital structure.
Mr. Burke received a B.S. in Finance from Villanova University and an M.B.A. from Columbia Business School.
Managing Director
Mr. Gitelman is a member of the firm’s Investment Team, focusing on clean energy investments, acquisitions, and financings, and is responsible for the firm’s renewable tax equity investment program. Since joining LS Power in 2007, Mr. Gitelman has held various private equity, finance, commercial, and policy advocacy roles. From 2010 to 2015, Mr. Gitelman was with Luminus Management where he was responsible for the firm’s coverage of, and investments in, the global industrials, clean energy, and technology sectors. Prior to joining LS Power, Mr. Gitelman worked in investment banking where he advised clients on leveraged acquisition and project financings and principal infrastructure investments. Mr. Gitelman began his career as an engineer serving the infrastructure sector and the electric power and process industries.
Mr. Gitelman has a B.S in Civil Engineering from the University of Minnesota and an M.B.A. from the University of St. Thomas.
Senior Vice President, Private Equity General Counsel
Mr. Staikos serves as General Counsel for the Private Equity Funds as well as a member of the Investment Committee. Mr. Staikos joined LS Power in 2005. Prior to joining LS Power, Mr. Staikos was an Associate in the Global Projects and Energy Group at Paul, Hastings, Janofsky & Walker LLP. While at Paul, Hastings, Janofsky & Walker LLP, Mr. Staikos represented private equity funds, independent power producers and other financial institutions in all aspects of energy specific Mergers and Acquisition transactions and project financings.
Mr. Staikos received a B.A. from the State University of New York at Oswego and a J.D. cum laude from Albany Law School of Union University.
Senior Vice President, Associate General Counsel
Mr. Marshall joined LS Power in 2011 and serves as Associate General Counsel. Prior to joining LS Power, Mr. Marshall was an attorney in private practice providing legal counsel to developers, private equity sponsors and financial institutions in connection with the acquisition, disposition, development and financing of energy projects. Mr. Marshall began his career at Paul, Hastings, Janofsky & Walker LLP. Mr. Marshall received a B.B.A. in Finance from the University of Georgia and a J.D., summa cum laude, from the University of Miami School of Law where he was the Editor-in-Chief of the University of Miami Law Review.
Senior Vice President, Private Equity
Mr. Tajvar is a member of the firm’s investment team. His responsibilities include originating and executing new investments, divestitures, financings, and providing commercial oversight of existing portfolio investments.
Since joining LS Power in 2010, Mr. Tajvar has been involved across the firm’s business activities, including acquisitions and greenfield investments in a variety of asset classes, such as battery storage, transmission, solar, wind, and thermal.
Prior to joining LS Power, Mr. Tajvar was a member of the power and infrastructure banking teams at the Royal Bank of Scotland. Mr. Tajvar received a B.S. from Northwestern University in Evanston, IL in 2007.
Senior Vice President, Private Equity
Mr. Chang is a member of the firm’s investment team where he is responsible for originating and managing investments in the energy sector across the capital structure. Since joining LS Power in 2011, Mr. Chang has worked on various investment opportunities, including greenfield development, M&A, distressed debt, E&P, structured financing, restructuring and recapitalization. Prior to joining LS Power, Mr. Chang worked in the Global Energy investment banking group at Credit Suisse.
Mr. Chang holds a B.A. in Economics and Mathematics from Columbia University.
Senior Vice President, Private Equity
Mr. Staehely serves as a member of the firm’s investment team where he is responsible for originating and managing acquisitions, divestitures, financings, portfolio company oversight, and other commercial activities. Since joining LS Power in 2014, Mr. Staehely has been engaged on a variety transactions across the energy sector including distributed energy, demand response, energy efficiency, energy storage, and large-scale power generation.
Prior to joining LS Power, Mr. Staehely was an Analyst at Tenaska Capital Management where he worked on the private equity investment team analyzing and sourcing large-scale power generation transactions.
Mr. Staehely earned a B.S.B.A. in Accounting & Finance (Financial Analysis) from Creighton University in 2013.
Senior Vice President, Business Development
Since joining LS Power in 2020, Mr. Capalino has led the firm’s business development efforts, with a focus on both growing existing business lines and launching new ones.
Previously Mr. Capalino served as a Managing Director with Aligned Climate Capital and Principal with Aligned Intermediary, both investment platforms focused on deploying capital into clean energy and related areas. Mr. Capalino began his career as an Analyst at Deutsche Bank Climate Advisors (DBCCA).
Mr. Capalino has a M.P.P. from the Harvard Kennedy School and a B.A. from Reed College.
Senior Vice President and Treasurer
Mr. Tansey serves as Treasurer of LS Power and oversees the Firm’s Treasury department, including managing our commercial banking relationships, compliance with financing agreements, and participating in mergers and acquisitions. Mr. Tansey joined LS Power in 2007. Prior to joining LS Power, Mr. Tansey held executive financial and accounting roles in both public and private companies.
Mr. Tansey received an M.B.A in Finance from Fairleigh Dickinson University, a B.S.C. in Accounting from Rider University (previously Rider College), and is a Certified Public Accountant, inactive.
Executive Vice President and Head of Tax
Mr. Edelstein is responsible for overseeing the tax planning and tax reporting functions across the firm and its various lines of business. Mr. Edelstein joined LS Power in 2011. Prior to joining LS Power, Mr. Edelstein worked from 2007 to 2011 as a tax attorney at Fortress Investment Group where he was promoted to Managing Director in 2009. From 2002 to 2007, he was a tax associate at the law firm of Sullivan & Cromwell LLP in New York. Mr. Edelstein began his legal career as a federal law clerk to Judge Edward R. Korman of the U.S. District Court for the Eastern District of New York.
Mr. Edelstein received a B.S. in Mathematics, Summa Cum Laude, from Touro College and a J.D., summa cum laude, from Brooklyn Law School, where he was on the editorial staff of the Brooklyn Law Review.
Senior Vice President, Tax Counsel
Suzanne Pepe joined LS Power in 2009 and has extensive experience as an attorney and tax advisor in the power industry. Ms. Pepe has worked on a broad range of transactions including those relating to the development, acquisition, financing and structuring of investments in generation , transmission, renewable and other energy-related assets. Prior to joining LS Power, Ms. Pepe was tax counsel at GE Energy Financial Services and was Of Counsel at Paul, Hasting, Janofsky & Walker, LLP.
Ms. Pepe received a B.S. in Finance with honors from the University of Southern California and a J.D. and an LL.M. in Taxation from New York University.
Senior Vice President and Associate General Counsel
Scott Carver joined LS Power in 2001 and has extensive experience in project development and in the power industry. Prior to joining LS Power, Mr. Carver was an attorney in private practice providing counsel to industry groups, lenders and public entities in connection with the development, construction, operation and financing of real estate and energy projects and environmental regulatory compliance and permitting issues.
Mr. Carver received a B.A. from Colby College and a J.D. from American University, Washington College of Law.
Senior Vice President and Private Equity Chief Accounting Officer
Ms. Neill is responsible for accounting and financial reporting for the firm’s Private Equity Funds. Ms. Neill joined LS Power in 2007. Prior to joining LS Power, Ms. Neill was the Controller of Pomona Capital, a private equity fund of funds where she worked for over eight years. Previously, Ms. Neill was a Senior Accountant with Grant Thornton.
Ms. Neill received a B.B.A. in Accounting from Pace University and is a Certified Public Accountant, inactive.
Senior Vice President and LS Power Chief Accounting Officer
Mr. Myers is responsible for overseeing and coordinating the accounting and financial reporting functions. Mr. Myers joined LS Power in 2007. Prior to joining LS Power, Mr. Myers was the Director of Corporate Accounting for Foster Wheeler Ltd. Previous to Foster Wheeler Ltd., he was the Controller for Consolidated Edison Development, LLC, a subsidiary of Consolidated Edison, Inc., beyond which he has additional experience in both private and public accounting.
Mr. Myers received an M.B.A. in Finance from St. John’s University in New York and a B.S.C. in Accounting from Rider University (previously Rider College) and is also a Certified Public Accountant.
Chief Compliance Officer
Mr. Wade serves as the Chief Compliance Officer for LS Power across its development and private equity businesses. Mr. Wade joined LS Power in 2011. From 2011 through mid-2017, he also served as the General Counsel and Chief Compliance Officer for Luminus Management. Previously, Mr. Wade worked at Wiggin and Dana LLP as an Associate in the White Collar Defense, Investigations and Corporate Compliance Group. There, he represented investment banks, hedge funds, and other institutional clients in a broad range of regulatory, civil and criminal inquiries from the SEC, NYSE, FINRA, DOJ and other regulators and enforcement agencies. Prior to that, Mr. Wade worked for Morgan Stanley as a Director in the Legal & Compliance Division, before which he worked at Schulte Roth & Zabel LLP as a Litigation Associate.
Mr. Wade received a B.A. in Biology, Cum Laude, from Denison University and a J.D. from the University at Buffalo Law School.
Director of Investor Relations
Ms. Simonis serves as Director of Investor Relations and Business Development. Ms. Simonis joined LS Power in 2011. Prior to LS Power, Ms. Simonis was Head of Investor Relations and Business Development at Hutchin Hill Capital. Previous to that, Ms. Simonis was at Morgan Stanley, where she worked as a Director in the Prime Brokerage and Institutional Equity Divisions, focused on business development and client consulting. Ms. Simonis began her career at Merrill Lynch Tokyo, where she sold equity derivatives to Japanese and U.S. institutions. Upon transferring to New York, she was promoted to Director and advised U.S.-based asset managers and pension funds on how to best meet their global investment objectives through portfolio trading and listed & OTC equity derivatives.
Ms. Simonis received a B.A. in Political Science from Willamette University and attended the Tokyo International University Bekka Program.