LS Power Announces Sale of Run-Of-River Hydro assets to Cube Hydro
New York, NY December 1, 2014 --
LS Power Equity Advisors, through a private fund it manages, has entered into an agreement to sell its 100% ownership interest in 10 run-of-river hydro facilities to Cube Hydro Partners, LLC. LS Power Equity Advisors originally acquired the projects from FirstEnergy Corporation in February 2014. The sale is expected to close in the First 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 and California. 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 31,000 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.