Combined Cycle

LS Power to acquire 810 MW natural gas plant in Pennsylvania

The transaction is expected to close in Q2 2024, LS Power said.
LS Power to acquire 810 MW natural gas plant in Pennsylvania
Hunterstown power plant in Gettysburg, Pennsylvania. (Photo credit: Platinum Equity Advisors)

LS Power announced that it has reached an agreement with an affiliate of Platinum Equity to acquire the Hunterstown natural gas-fired power plant in Gettysburg, Pennsylvania.

The 810 MW combined cycle gas-fired power generation facility is located in PJM Interconnection territory. The transaction is expected to close in Q2 2024, LS Power said.

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LS Power operates a more than 16,000 MW gas generation fleet that is meant to complement its multiple energy transition platforms focused on wind, hydro and solar power, as well as battery energy storage, demand response, microgrids, renewable fuels, electric transportation, and transmission infrastructure.

“In order to decarbonize the electric grid in a reliable, affordable, and responsible manner, we will need to continue utilizing efficient, flexible gas-fired generation, for which our fleet is well positioned to help accelerate the clean energy transition by managing the intermittency of renewables,” said Paul Segal, LS Power CEO. “This is particularly critical at a time when demand for electricity is growing at the fastest rate in decades – driven by electrification, the proliferation of data centers and a manufacturing renaissance, amidst a background of coal plants retiring and renewables coming online only gradually.”

LS Power’s gas generation fleet spans 12 states and consists primarily of peaking plants along with combined cycle facilities.

LS Power also manages a growing family of energy transition platforms, including:

  • REV Renewables, a provider of renewable generation and energy storage
  • EVgo, a fast-charging network for electric vehicles, powered by renewable energy
  • CPower Energy Management, a national distributed energy resource monetization and virtual power plant provider  
  • Rise Light & Power, New York City’s largest generator, and a developer of clean energy infrastructure
  • Primary Renewable Fuels, a renewable natural gas development and operating platform
  • Endurant Energy, a microgrid developer and provider of distributed energy infrastructure solutions
  • LS Power Transmission, a private transmission owner and developer, with 780+ miles of high-voltage transmission lines operating, and 350+ miles and multiple substations under development or construction

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