LS Power chosen to deliver power-grid projects in California
Investors - MARCH 8, 2023

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LS Power chosen to deliver power-grid projects in California

by Kali Persall

The California Independent System Operator (CAISO) has selected LS Power Grid California to finance, construct, own, operate and maintain two new projects to support electric reliability in California.

The projects include the Newark Northern Receiving Station HVDC Project and the Metcalf San Jose B HVDC Proj­ect.

LS Power is a development, investment, and operating company focused on the North American power and energy infrastructure sector. The company was chosen following a competitive selection process conducted by CAISO. CAISO's selection of LS Power was based on a comparative analysis, which identified the sponsor best able to implement the project in a cost-effective, efficient, prudent, reliable and capable manner over the lifetime of the facility, while maximizing overall benefits and minimizing risks.

LS Power's proposals were selected from a total of six qualified proposals for the Newark Project and five qualified proposals for the Metcalf Project.

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