LS Power Completes Sale of Calhoun Energy Center to Harbert Power
New York, NY – May 16, 2016 --
LS Power Equity Advisors, through a private fund it manages, has closed on the sale of its 100% ownership interest in the 747 MW Calhoun Energy Center to East Alabama Generating, LLC, a subsidiary of Harbert Power Fund V, LLC. LS Power Equity Advisors originally acquired the project from a subsidiary of NextEra Energy Resources in 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, 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.