LS Power to acquire a Solar Source portfolio from Public Service Enterprise Group.

LS Power, a development, investment, and operating company focused on power generation, electric transmission and energy infrastructure, agreed to acquire a Solar Source portfolio from Public Service Enterprise Group, a publicly traded diversified energy company. Financial terms were not disclosed. "This sale marks a key milestone in our Strategic Alternatives process as we continue our transformation into a primarily regulated utility. We also intend to continue our efforts to preserve our existing carbon-free nuclear fleet and to seek regional growth opportunities in offshore wind projects that fit with PSEG's Powering Progress strategy. PSEG is committed to clean energy and the pursuit of a sustainable business model," Ralph Izzo, PSEG Chairman, President and CEO.