LS Power, a development, investment and operating company focused on the North American power and energy infrastructure sector, has agreed to acquire 42 run-of-river hydro facilities across 11 states, totaling 334 megawatts, from Hull Street Energy. Financial terms were not disclosed.
The projects are located in states and markets with attractive regulatory environments supportive of energy-transition investments, according to Nathan Hanson, president of LS Power Generation. The portfolio is primarily concentrated in ISO-NE, PJM and NYISO, with the remaining facilities located in CAISO, SERC and WECC.
“With the addition of this large, geographically diverse, run-of-river hydroelectric portfolio, combined with our existing energy transition platforms, LS Power continues to lead the effort to develop a cleaner, more reliable, and more affordable energy ecosystem,” said Paul Segal, CEO of LS Power. “Reducing carbon intensity is an enduring secular trend that has lon