LS Power to acquire a 2.1 GW natural gas generation portfolio from Brazos Electric Power.

LS Power, a development, investment, and operating company, agreed to acquire a 2.1 GW natural gas generation portfolio from Brazos Electric Power, an electrical generation and transmission cooperative. Financial terms were not disclosed. “We are excited to add these three projects to our generation portfolio as we continue to evaluate additional expansion opportunities in Texas. These three generation projects we are acquiring provide critical, reliable energy supply to an ERCOT market that is experiencing continued load growth. These projects provide for considerable flexibility and operational redundancy, which are key to balancing the intermittency of renewables and supporting ERCOT’s reliability requirements,” Nathan Hanson, LS Power Generation President.