LS Power to acquire 100% of DeSoto County Generating Company from Southern Power Company
Fri. October 23, 2009; Posted: 02:42 PM
Oct 23, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
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PowerRating -- LS Power Group, a power generation and transmission group, has entered into an agreement to acquire 100% ownership interest of DeSoto County Generating Company, LLC from Southern Power Company, a wholesale energy provider and a subsidiary of Southern Company, Inc. All the companies are based in the US.
DeSoto County has a plant located in Arcadia, Florida, US, which consists of two combustion turbine units with a combined capacity of 320 megawatts.
In addition to this transaction, Southern Power has also agreed to acquire 100% interest in West Georgia Generating Company, LLC from LS Power.
Deal Type Acquisition
Sub-Category 100% Acquisition
Deal Status Announced: 2009-10-22
Deal Participants
Target (Company) DeSoto County Generating Company, LLC
Acquirer (Company) LS Power Group
Vendor (Company) Southern Power Company
For full details on Southern Company The (SO)
click here. Southern Company The (SO) has Short Term PowerRatings of 6. Details on Southern Company The (SO) Short Term PowerRatings is available at
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