LS Power Subsidiary Selected by California ISO
for Harry Allen to Eldorado 500 kV Transmission Line
East Brunswick, NJ January 11, 2016 --
DesertLink, LLC, a subsidiary of LS Power, has been selected by the California Independent System Operator (ISO) as the approved project sponsor to develop, construct, own, operate and maintain a 500 kilovolt electric transmission project.
The Harry Allen to Eldorado Project was approved by the ISO governing board for competitive solicitation in December 2014 pursuant to the Federal Energy Regulatory Commission’s Order No. 1000, which was designed to foster competition in transmission planning across the U.S. The ISO accepted bids in April 2015, and today announced the selection of DesertLink.
“We are pleased to be selected by the California ISO for this project, and we look forward to working with the ISO to complete it,” said Paul Thessen, President of LS Power Development. “The competitive process and the binding cost containment provisions we offered, including a cap on construction costs, demonstrate the benefits of competition for transmission and will result in lower costs and protection for ratepayers from cost overruns.”
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 transmission infrastructure throughout the United States. Since inception, LS Power has developed, constructed, managed or acquired more than 30,000 MW of competitive power generation and 470 miles of transmission infrastructure, for which it has raised over $29 billion in debt and equity financing. For more information, please visit www.LSPower.com.
The Abernathy MacGregor Group, for LS Power