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LS Power


PJM Stakeholders at Odds on Timing for Next Capacity Auction

PJM Interconnection will not run a base residual auction (BRA) until the Federal Energy Regulatory Commission (FERC) approves recalculated Minimum Offer Price Rule (MOPR) floor prices for new and existing…


FirstEnergy Cuts Sale Price in Revised Deal to Shed Assets

Ohio-based FirstEnergy Corp. has dropped the price of several assets as it continues to work toward closing a deal to sell five of the company’s natural gas-fired power plants, along…


Two Deals Shake Up Northeastern Power Landscape
money-deal-merger-acquisition

TransCanada—a leading North American energy company—has struck deals to sell its U.S. Northeast Power business. LS Power will acquire three principally natural gas–fired power plants and a wind farm from…


Texas Coal Plant Wins Tax Appraisal Case, Property Value Cut 60%

The Sandy Creek coal-fired power plant—a 900-MW facility in Riesel, Texas—won a major victory in court on August 19 when a McLennan County jury agreed that the plant was appraised…