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LS Power to acquire 2.1 GW of natural gas generation portfolio

LS Power continues its expansion into the energy sector by announcing the acquisition of 2,145 MW of natural gas generating capacity in northern ERCOT, Texas. This acquisition strengthens LS Power's energy transition portfolio, which also includes renewable energy, energy storage and transportation infrastructure.

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LS Power announced today that it has entered into an agreement with Brazos Electric Power Cooperative to acquire 2,145 megawatts of natural gas generation in the northern ERCOT region of Texas through a special purpose subsidiary.

Three production projects

The portfolio has dual fuel capacity, significant on-site fuel oil storage and firm gas transportation and storage arrangements. The three generating projects are Jack County with two base load combined cycle units totaling 1,297 MW located in Jack County, Johnson County with a 280 MW combined cycle plant located in Johnson County, and RW Miller with four peaking units totaling 568 MW located in Palo Pinto County.

Johnson County and RW Miller are dual-fuel resources with significant on-site fuel oil storage that provides security of fuel supply during periods of gas scarcity, while Jack County has firm gas transportation as well as firm storage arrangements.

LS Power diversifies its energy portfolio

LS Power’s 14,000 MW gas generation fleet (16,000 MW post-closing) is a key component of its energy transition portfolio, which also includes more than 3,000 MW of wind, solar, hydro and energy storage, as well as demand response programs, microgrids, renewable fuels, electric transportation and transmission infrastructure. The transaction is expected to close in early June after receipt of customary regulatory approvals.

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