LS Power Completes Purchase of Generating Assets from PPL Corporation

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The LS Power Group (“LS Power”) completed its purchase of three generating assets from PPL Corporation adding approximately 900 megawatts of capacity to LS Power’s electricity generating portfolio. The generating assets acquired from PPL Corporation include the following:

  • Safe Harbor (Pennsylvania) – One-third interest in 421 megawatt hydroelectric station
  • University Park (Illinois) – 540 megawatt natural gas-fired simple cycle
  • Wallingford (Connecticut) – 225 megawatt natural gas-fired simple cycle

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 operates 7 transmission utilities, has built 780+ miles of high-voltage transmission with another 400+ 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 $78 billion in debt and equity capital to support North American infrastructure. For information, please visit www.lspower.com.

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