LS Power Completes Acquisition of 1,279 MW Power Generation Portfolio from Dynegy

 

New York, NY – July 11, 2017 -- U.S. power and energy infrastructure owner LS Power Equity Advisors LLC (“LS Power”) closed today on its acquisition of approximately 1,279 MW of generation resources in the Northeastern United States, through its affiliate Spruce Generating, LLC, from Dynegy, Inc. (“Dynegy”) (NYSE:DYN).

The projects are located in the PJM power market:

  • 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

About LS Power:
Founded in 1990, LS Power is an employee-owned, independent power company with offices in New York, New Jersey, Missouri, California and Texas. LS Power is a developer, owner, operator and investor in power generation and electric transmission infrastructure throughout the United States. Since inception, LS Power has developed, constructed, managed or acquired more than 39,000 MW of competitive power generation and 500 miles of transmission infrastructure, for which it has raised over $36 billion in debt and equity financing. For more information, please visit www.LSPower.com
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