LS Power and Southern Power Complete Generating Asset Transaction

December 17, 2009 – The LS Power Group (“LS Power”) and Southern Power completed their previously announced transaction related to the West Georgia and DeSoto generating plants. Southern Power acquired the West Georgia plant from LS Power in exchange for the DeSoto plant and other proceeds. The West Georgia plant is a 600 megawatt natural gas-fired simple cycle facility in Thomaston, Georgia. The DeSoto plant is a 320 megawatt natural gas-fired simple cycle facility in Arcadia, Florida.

About LS Power

LS Power is a power generation and transmission group with a proven track record of successful development activities, operations management and commercial execution. LS Power has been involved in the development, construction, or operations of over 20,000 MW of power generation throughout the United States. LS Power is actively developing both power generation and transmission infrastructure to serve the need for new generation and improve the aging transmission system. Highly regarded in the financial community, LS Power has raised over $12 billion in debt and equity since 2005. For more information, see: www.lspower.com.

 

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