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LS Power Acquiring 606-MW Texas Gas-Fired Plant From Constellation
['Darrell Proctor']
POWER Magazine
A New York-headquartered group that pursues investments in North American power and energy infrastructure said it has a deal to acquire a natural gas-fired power plant near Houston, Texas.
“Texas is experiencing exceptional economic growth as its pro-business policies continue to attract companies, investment and jobs from across the country,” said Paul Segal, CEO of LS Power.
LS Power in March of this year said it would acquire a 4,353 MW portfolio of five gas-fired generation assets in PJM from Constellation.
LS Power, founded in 1990, has a history of developing and/or acquiring and operating energy infrastructure in Texas and around the country, including both power generation stations and transmission infrastructure.
LS Power Grid, the company’s transmission business, operates seven transmission utilities, and has built more than 780 miles of high-voltage transmission, with another 400-plus miles currently in construction or development.