LS Power to Purchase a 4GW Generation Portfolio from TransCanada

By Editors of Power Engineering

LS Power Equity Advisors LLC announced they’ve signed an agreement to purchase a portfolio consisting of 3,950 MW of generating capacity from TransCanada Corp.

The portfolio includes:

·      Ravenswood, a 2,480-MW, combined-cycle natural gas facility in Queens, New York

·      Ironwood, a 778-MW combined-cycle natural gas facility in Lebanon, Pennsylvania

·      Ocean State Power, a 560-MW, combined-cycle natural gas facility in Burrillville, Rhode Island

·      Kibby Wind, a 132-MW wind facility in Franklin County, Maine

“LS Power’s experience owning and operating a diverse array of generating facilities throughout the Northeast uniquely positions us to acquire this portfolio of power plants,” said Paul Segal, chief executive officer of LS Power. “Each of these assets serves a distinct and crucial role to meet the demand needs in their respective Northeast markets.”

The purchase is slated to close in the first quarter of 2017. 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Storm Impact Analytics for Utilities

In recent years, increasingly volatile and extreme weather events have significantly impacted the...

Reach New Heights: Six Best Practices in Planning and Scheduling

These 6 best practices have created millions of dollars in value for many global companies. Learn...

Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...