LS Power Completes Sale of Blythe Energy Center to AltaGas Power Holdings
May 16, 2013 - 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 $515 million. LS Power Equity Advisors originally acquired the project from a subsidiary of NextEra Energy Resources in Q4 2011 along with three other assets.
About LS Power
Founded in 1990, LS Power is an employee-owned, independent power company with offices in New York, New Jersey, Missouri and California. We are a developer, owner, operator and investor in power generation and electric transmission infrastructure throughout the United States. Since our inception, we have developed, constructed, managed or acquired more than 27,000 MW of competitive power generation and 470 miles of transmission infrastructure, for which we have raised over $22 billion in debt and equity financing.