LS Power to Acquire 1,279 MW Power Generation Portfolio in PJM

News

New York, NY February 28, 2017 — U.S. power and energy infrastructure owner LS Power Equity Advisors, LLC (“LS Power”) announced today that it has signed an agreement to acquire approximately 1,279 MW of generation resources in the Northeastern United States from Dynegy, Inc. (NYSE: DYN).

The facilities are located in the PJM power market and the aggregate portfolio consists of the following:

  • Armstrong Power (Shelocta, PA) – 639 megawatts, natural gas-fired facility comprised of four simple-cycle peaking units
  • Troy Energy (Luckey, OH) – 640 megawatts, natural gas-fired facility comprised of four simple-cycle peaking units

The transaction is expected to close in the third quarter of 2017, pending receipt of necessary regulatory approvals and third-party consents.

Founded in 1990, LS Power is a premier development, investment, and operating company focused on the North American power and energy infrastructure sector, with leading platforms across generation, transmission and energy expansion solutions. Since inception, LS Power has developed or acquired 50,000 MW of power generation, including utility-scale solar, wind, hydro, battery energy storage, and natural gas-fired facilities. Through its transmission business, LS Power Grid, the company has built 780+ miles of high-voltage transmission systems with another 375+ miles currently in construction or development. LS Power actively invests in and scales businesses that are meeting the growing needs of the energy expansion, including electric vehicle charging, demand response, microgrids, renewable fuels and waste-to-energy platforms. Over the years, LS Power has raised more than $76 billion in debt and equity capital to support North American infrastructure. For information, please visit www.LSPower.com.

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