LS Power divests Carville and Oneta gas-fired projects to Argo Infrastructure Partners

LS Power Equity Advisors has entered into an agreement to sell the Carville Energy Center (516 MW natural gas-fired combined cycle facility in St. Gabriel, LA) and the Oneta Energy Center (1,127 MW natural gas-fired combined cycle facility in Coweta, OK) to an investment vehicle managed by Argo Infrastructure Partners.

LS Power Equity Advisors acquired the projects from Calpine Corporation along with four other assets. The sale is subject to customary regulatory approvals and is expected to close in the fourth quarter of 2019.