Santander Corporate & Investment Banking has acted as financial advisor to LS Power on the acquisition of a portfolio of gas-fired power generation assets in the PJM market from Constellation, valued at $5.0 billion.
This strategic transaction strengthens LS Power’s thermal generation platform, adding approximately 4.4 GW of predominantly natural gas-fired capacity across Delaware and Pennsylvania. It further enhances the company’s positioning within the US power market.
The transaction highlights Santander’s strong expertise in the Power & Energy sector, as well as its robust M&A advisory capabilities, reinforcing its role as a trusted partner in complex energy transactions.
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