News & Insights

Oversubscribed Fund Exceeds Initial Target U.S. power and energy infrastructure manager LS Power Equity Advisors LLC (together with its affiliates, “LS Power”) announced the final close of LS Power Equity Partners III, L.P. (“Fund III”) at a hard-cap of $2.075 billion, exceeding its initial target of...

FirstEnergy Corp. (NYSE: FE) has completed the sale of 11 hydroelectric power stations to Harbor Hydro Holdings, LLC, a subsidiary of LS Power Equity Partners II, LP, for approximately $395 million. The two companies originally announced the sales agreement in September 2013. The hydroelectric power stations...

LS Power Equity Advisors, through a private fund it manages, has entered into an agreement with a subsidiary of Brookfield Renewable Energy Partners, L.P. to sell its 33.3% ownership interest (with 50% voting rights) in the 417 MW Safe Harbor hydroelectric facility for $303 million...

Sandy Creek Energy Associates, LP closed on a $1,202 million credit facility comprising a $1,025 million term loan B, $102 million senior-secured tax-exempt L/C facility, and $75 million debt service reserve / working capital facility. The B loan will refinance existing debt that was put...

LS Power Equity Advisors, through a private fund it manages, completed its sale of Blythe Energy Center (507 MW natural gas-fired combined cycle plant) and the related 230kV 67-mile electric transmission line to a subsidiary of AltaGas Ltd., a Calgary, Canada-based energy infrastructure company, for...

LS Power Equity Advisors, through a private fund it manages, has entered into an agreement with a subsidiary of AltaGas Ltd., a Calgary, Canada-based energy infrastructure company, to sell the Blythe Energy Center (507 MW natural gas-fired combined cycle plant) and the related 230kV 67-mile...