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LS Power to Acquire 606 MW Texas Power Facility from Constellation Energy

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LS Power, a New York-based energy infrastructure company, on Thursday said it has agreed to acquire the 606-megawatt Brazos Valley Energy Center natural gas-fired combined-cycle facility in Texas from Maryland-based energy company Constellation Energy (CEG).

The deal fulfills a regulatory requirement related to Constellation's $16.4 billion acquisition of Texas-based power producer Calpine from Energy Capital Partners, the company said in a statement.

The transaction is projected to close in Q4, conditional upon obtaining the relevant regulatory approvals.

In March this year, LS Power disclosed an agreement to purchase a 4,353 MW portfolio of five gas-fired generation assets in the PJM Interconnection service area from Constellation.

LS Power's national operating fleet will increase to about 14.1 gigawatts after the completion of its pending transactions with Constellation, the statement said.

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