LS Power Announces Sale of Bluegrass Generation facility to East Kentucky Power Cooperative
New York, NY July 29, 2015 --
LS Power Equity Advisors, through a private fund it manages, has entered into an agreement with East Kentucky Power Cooperative to sell Bluegrass Generation, subject to regulatory approvals. LS Power Equity Advisors originally acquired the project from Dynegy, Inc. in November 2009 along with three other assets. The sale is expected to close in the Fourth Quarter of 2015.
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 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.