LS Power

The debate over who pays for power in the data center era has moved from industry conversation to federal legislation. The White House Ratepayer Protection Pledge, the Ratepayer Protection Act moving through Congress and new large-load tariffs taking effect across multiple states all reflect the same core principle our CEO Paul Segal laid out earlier this year: "households shouldn't pick up the tab for incremental data center demand." The good news is that workable pathways exist, and done right, data centers can get faster time-to-power and greater certainty, while communities get real investment, not higher bills. Paul's full argument: https://lnkd.in/eY3a7AMc #DataCenters #AI #ElectricityBills

While Great Basin Transmission helps connect communities through reliable energy infrastructure, our team is also committed to supporting our neighbors beyond the grid. Team members from Great Basin Transmission recently joined Chobani to support neighbors facing food insecurity. We're proud to partner with organizations making a meaningful difference. #PoweringTheFuture #MagicValley #TwinFalls #Chobani #ChobaniSummerProgram

NEWS: LS Power has entered into a definitive agreement with Constellation to acquire the Brazos Valley Energy Center, a 606 MW natural gas-fired combined-cycle facility located outside Houston, Texas.   The acquisition expands LS Power's generation fleet in ERCOT, one of the most active power markets in the country. Combined with LS Power's previously announced agreement to acquire a 4,353 MW portfolio of five gas-fired generation assets in PJM from Constellation, the firm's national operating fleet will total approximately 14,100 MW upon closing of both transactions.   “Acquiring and optimizing proven assets is one of the fastest and most cost-effective ways to meet [rapidly increasing demand for electricity], and natural gas is well-positioned to provide the reliable, around-the-clock capacity the market requires.” — Paul Segal, CEO   Read the full announcement: https://lnkd.in/eTytgA-k   #ERCOT #GridReliability #Energy

LS Power CEO Paul Segal joined S&P Global Energy on the #EnergyEvolution podcast to discuss PJM's latest capacity auction results and what they mean for the future of competitive power markets. When the underlying market rules are stable and price signals are clear, the market responds — with investment, new supply and ultimately better outcomes for consumers.   Listen to the full episode: https://lnkd.in/eWpWarej   #EnergyPolicy #PowerMarkets #PJM #GridReliability

NEWS: OPTERRA Energy Services, an LS Power company, has acquired NORESCO — expanding one of North America's premier energy service companies. The combined platform serves 19,000 facilities, employs more than 750 energy professionals and has delivered 880 MW of installed generation and more than $8 billion in customer energy savings. Opterra and NORESCO will bring their combined 90 years of experience delivering energy solutions to help municipalities, educational institutions, federal agencies and commercial customers modernize infrastructure, reduce energy costs and improve operational resilience. "By bringing together our collective expertise and resources, we're creating a platform that can help customers confidently navigate the energy transition and prepare for the challenges of tomorrow." - Courtney Jenkins, CEO of Opterra Read the announcement: https://lnkd.in/gGg2SfB8

Is AI-driven power demand a spike or a durable shift? Our COO Darpan Kapadia sees it as the latter. Capital is flowing into digital infrastructure at an extraordinary pace. From our conversations with hyperscalers and data center developers, it is clear that they are investing for the long term. But time to power matters more than ever. And AI is not the only force putting pressure on the grid — manufacturing growth, electrification and extreme weather are all pushing in the same direction across power markets nationwide. As demand continues to move up and to the right, LS Power is focused on building more of everything needed to meet it. For more from this conversation: https://lnkd.in/eHit-EzZ

Last week, Marji Philips joined Federal Energy Regulatory Commission Chairman Laura V. Swett and Commissioners at a technical conference on PJM governance and stakeholder reform — an important proceeding for the future of the country's largest wholesale electricity market, serving 67 million Americans across the Mid-Atlantic and Midwest.   Effective governance can strengthen PJM's ability to act efficiently, while preserving the competitive market framework that has delivered reliable electricity and reduced costs to customers for over 30 years. That's the balance at the heart of LS Power's position: enhance transparency, improve stakeholder processes and preserve the board's ability to act independently.   The conversation is far from over. PJM's ability to act independently in support of reliability through competitive markets will be essential to keeping the region an economic engine for national competitiveness.

We're excited to recognize an important milestone in the journey to bring together OPTERRA and NORESCO today. With Carrier's announcement that it has entered into a definitive agreement to sell NORESCO to OPTERRA Energy Services, we are one step closer to uniting two industry leaders in service of helping customers solve their most important energy and infrastructure priorities.   While the transaction remains subject to customary closing conditions, we know this forthcoming next step represents an opportunity to expand our capabilities in helping our customers modernize critical infrastructure – supporting the schools, universities, healthcare systems, local governments, federal agencies, and businesses eager to build resilience and long-term success for the communities they serve.   Just as importantly, this is about people. Throughout NORESCO’s 40+ years of history, the team has earned its outstanding reputation through the expertise, innovation, and dedication of its talented employees. Coupled with our Opterra team, we will be even better positioned to leverage our collective capabilities to help our customers modernize the infrastructure that enables communities to thrive, strengthens energy security, and powers many of our nation's most important priorities.   We look forward to sharing more following the successful close of the transaction. Until then, our focus remains exactly where it has always been: serving our customers, supporting our employees, and delivering outstanding outcomes every day. https://lnkd.in/gP8cuE2w

LS Power Grid New York recently donated $6,000 to Can Code Communities to help students of all ages build digital skills to invest in their futures. Sponsoring STEM education means investing in brighter futures, and we're honored to play a small part in empowering the innovators of tomorrow. #PoweringTheFuture #STEMEducation #CanCodeCommunities #Albany

Big builds. Big milestones. Big energy. Here’s how LS Power powered progress across North America in 2025. All this and more in the 2025 Annual Report: https://lnkd.in/gKz9yud6