New York, NY – April 12, 2017 — LS Power Equity Advisors, through a private fund it manages, has entered into an agreement with Capital Power Corporation to sell the Decatur Energy Center, subject to regulatory approvals. LS Power Equity Advisors originally acquired the project from Calpine Corporation in 2014 along with five other assets. The sale is expected to close in the Third Quarter of 2017.
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.
