LS Power has announced its plan to acquire 42 hydro facilities from Hull Street Energy. The run-of-river hydro facilities are located in 11 states and 334 MW in generating capacity. Hull Street Energy began acquiring and improving the hydroelectric plant portfolio in 2017. The acquisition is expected to close by the end of Q1 2023. According to the LS Power press release, the portfolio is primarily concentrated in ISO-NE (152 MW), PJM (86 MW) and NYISO (48 MW), with the remaining facilities located in CAISO, SERC and WECC. The 42 facilities generate close to 1.2TWh of power annually.
This announcement comes after LS Power applied to FERC to buy the 80 MW Gauley River Hydro facility in West Virginia earlier this month.
LS Power to Acquire U.S. Portfolio of Hydro Facilities Geographically Diverse Projects Support Company’s Energy Transition Focus
Hull Street Energy to Sell Hydroelectric Generation Company
LS Power to acquire 334MW run-of-river hydro facilities in US