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

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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.