LS Power Announces Sale of Calhoun Energy Center to Harbert Power
New York, NY – March 22, 2016 --
LS Power Equity Advisors, through a private fund it manages, has entered into an agreement with East Alabama Generating, LLC, a subsidiary of Harbert Power Fund V, LLC, to sell Calhoun Energy Center, subject to regulatory approvals. LS Power Equity Advisors originally acquired the project from a subsidiary of NextEra Energy Resources in 2011 along with three other assets. The sale is expected to close in the Second Quarter of 2016.
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 30,000 MW of competitive power generation and 500 miles of transmission infrastructure, for which it has raised over $30 billion in debt and equity financing. For more information, please visit www.LSPower.com.