Combined Cycle

LS Power to acquire six combined cycle power plants

U.S. power and energy infrastructure owner, LS Power Equity Advisors LLC has signed an agreement to acquire approximately 3,500-MW of generation resources in the Southeastern United States, through its affiliate NATGEN Southeast Power LLC, from Calpine Corp. (NYSE: CPN) for $1.57 billion.

The portfolio consists of six combined-cycle generation facilities which use natural gas as the primary fuel source. 

Facilities being acquired include:

  • Carville Energy Center, St. Gabriel, LA
  • Hog Bayou Energy Center, Mobile, AL
  • Columbia Energy Center, Calhoun County, SC         
  • Oneta Energy Center, Coweta, OK
  • Decatur Energy Center , Decatur,   AL       
  • Santa Rosa Energy Center, Pace, FL

 The transaction is expected to close in the second quarter of 2014, pending receipt of regulatory approvals. 

Subscribe to Power Engineering magazine