trending Market Intelligence /marketintelligence/en/news-insights/trending/8L_JlOrhuqAx3_vg0ngO9A2 content esgSubNav
In This List

Harbert Power closes deal for 752-MW Ala. gas plant

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter

S&P Capital IQ Pro | Powered by Expert Insights


Harbert Power closes deal for 752-MW Ala. gas plant

A subsidiaryof Harbert Power Fund V LLCon May 10 acquiredthe 752-MW, gas-fired Calhoun EnergyCenter from LS Power EquityAdvisors LLC.

The facilityin Calhoun County, Ala., supplies 630 MW to SouthernCo. subsidiary AlabamaPower Co. under a power purchase agreement expiring in 2022, accordingto SNL Energy data.

FERC approvedthe transaction on May6.

Harbert PowerFund V is a Harbert Management Corp.subsidiary and LS Power Equity Advisors is an affiliate of LS Power Group. (EC16-95)

SNL Energy is an offering of S&PGlobal Market Intelligence, which is owned by S&P Global Inc.