LS Power invests in coal-fired stations

LS Power Development LLC has shifted its focus towards the development of new coal-fired power plants. Once a very active player in the race to construct new natural gas-fired generating plants, LS Power announced in late 2000 plans to divest some 5633mw of natural gas-fired operating plants and projects in construction and advanced development. The sale to NRG Energy Incorporated was finalised in early 2001 and included ten natural gas-fired projects located in Illinois, Mississippi, Florida and Texas. LS Power has not ruled out further development of new natural gas-fired power plants, but in recent months has announced aggressive plans for development of new coal-fired generating stations. Research conducted by has identified six coal-fired projects in the early stages of development being proposed by LS Power. If built, these projects would be located in at least five different states and represent over 6000mw coming into operation by 2007. Announcements for an additional six coal-fired projects could be forthcoming by LS Power over the next several months.

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