New York company purchases Gettysburg plant

New York-based LS Power, a development, investment and operating company focused on the North American power and energy infrastructure sector, recently finalized its purchase of the Hunterstown natural gas-fired power plant in Gettysburg from an affiliate of Platinum Equity.

The 810-megawatt combined cycle gas-fired power generation facility is located in the PJM Interconnection.

“Hunterstown will join LS Power’s fleet of flexible gas-fired generation, a portfolio of assets with the dynamic ramping attributes critical to a successful clean energy transition,” Nathan Hanson, LS Power Generation president, said. “Our flexible generation assets provide firm, low carbon and cost effective supply of reliable electricity as well as providing a vital and complementary service in the energy transition, ensuring the lights stay on when renewable resources are unavailable due to their intermittency, or when extreme weather events destabilize the grid.”

The deal is expected to close during the second quarter.

LS Power actively invests in and scales businesses that are accelerating energy transition. These businesses include demand response, electric vehicle charging, microgrids, renewable fuels and waste-to-energy platforms.

The company built more than 780 miles of high-voltage transmission with more than 350 miles and multiple grid infrastructure projects under construction or development. It operates a more than 16,000 megawatt gas generation fleet.