Our mission is to solve complex energy problems. We are committed to empowering our people and the communities within which we operate. We are driving real change. We are LS Power. This is more than a new look – it’s the beginning of what’s next: lspower.com

#ICYMI #WithIntelligence recently sat down with our COO Darpan Kapadia to report on the $6 billion close of our sixth fund. The article highlights LS Power's perspective on the scale of opportunity across the full energy stack, the demand extending beyond AI and data centers, and the growing global investor base supporting LS Power’s investment approach. Read the full article: platform.withintelligence.co… (Paywalled) #EnergyInfrastructure #PowerMarkets @SPGlobal

President of our​ private equity business, David Nanus, recently joined a panel at the 2026 @Tulane Future of Energy Forum to discuss how investors are evaluating opportunities across traditional energy, infrastructure and emerging technologies. The conversation covered a lot of ground — from the forces driving today's energy landscape to how surging demand is outpacing new supply, creating durably high prices and the opportunity for thoughtful investment to move the needle. “In a period of durably high [energy] prices, there are plenty of ways as an investor to create opportunities that reduce costs and become part of the solution” #Energy #PowerMarkets

#ICYMI: Bloomberg reported on our $6 billion Fund VI close in an exclusive interview with LS Power COO Darpan Kapadia. Meeting U.S. power demand will take both significant capital and deep sector expertise. LS Power’s more than 30-year track record of developing, investing in, and operating energy infrastructure across market cycles positions us well to meet this moment. Read the article: bloomberg.com/news/articles/… (paywalled) #EnergyInfrastructure #InfrastructureInvestment #CapitalRaise

NEWS: LS Power closes $6 Billion Fund VI. Launched in January 2026, Fund VI was oversubscribed and fully allocated against its hard cap by July, well in excess of its initial $4 billion target. Fund VI will invest in assets, platforms, and companies in the renewables, conventional generation, energy storage, distributed energy resources, and other critical energy infrastructure spaces. "The fundraise is a strong endorsement of the team, strategy, and platform we have built at LS Power over more than three decades." — Paul Segal, CEO "Our hands-on development and operating experience across generation, transmission, and other energy infrastructure informs how we underwrite investments, execute complex transactions, and improve the assets and businesses we own." — Darpan Kapadia, COO "We believe that the scale of the opportunity has never been greater, and our team has never been stronger." — David Nanus, President, LS Power Equity Advisors Full press release: lspower.com/news/ls-power-cl… Evercore Private Funds Group, Leader Capital Markets, and Magenta Capital Services acted as global placement agents and Willkie Farr & Gallagher LLP served as fund counsel. #EnergyInfrastructure #InfrastructureInvestment #CapitalRaise

Most energy companies specialize — they develop, own or operate. For over 30 years, LS Power has done all three. That integration shapes how we approach every asset, every market and every decision we make across generation, storage and transmission. In a moment when the grid needs more of everything, here's what that means in practice. Learn more about what we do: lspower.com/what-we-do/ #EnergyInfrastructure #PoweringTheFuture #PowerMarkets

Energy security and innovation are often framed as competing priorities. They don't have to be. The grid needs reliable, around-the-clock capacity and it needs new technology, new approaches and new investment to meet demand that's growing faster than anyone anticipated. Competitive markets, when given durable rules and the right price signals, can deliver both. Our CEO Paul Segal made that case on the @TheEnergyGang podcast and what it actually takes to build a grid that is resilient, innovative and ready to respond. Listen here: youtu.be/POxBA2kg0DE?si=4-iB… #EnergyInfrastructure #PowerMarkets #GridReliability #EnergySecurity

Tomorrow, @FERC's dispute resolution process begins on PJM governance reform, with the end of September as the deadline for PJM to reach agreement before FERC steps in. As our SVP of Wholesale Market Policy Marji Philips outlined in pre-technical conference comments to FERC: the most consequential work is in the market rules, interconnection processes and permitting frameworks that determine how quickly new capacity can come online. The outcomes of this proceeding will ripple through market design, investment decisions and grid reliability. Done right, this is an opportunity to strengthen the framework that has delivered reliable electricity through competitive markets for over 30 years. #EnergyPolicy #FERC #PJM #GridReliability #PowerMarkets

FERC Order 1000 opened electricity transmission to competition in 2011 with the goal of better outcomes for electricity consumers. 15 years later, the results are clear. According to a 2026 R Street Institute (@RSI) analysis, competitive transmission projects deliver approximately 30% cost savings compared to incumbent utility-developed projects and have come online faster or just as fast in most major planning regions. The case for competitive transmission has never been stronger. #Transmission #EnergyPolicy #FERC #GridInfrastructure

The energy policy landscape is evolving — and with it, the conditions under which infrastructure gets financed and built. Tariffs, changes to tax credits and sourcing requirements are shaping how capital is deployed and which projects move forward. At a time when power demand is growing at rates we haven’t seen in decades, these shifts matter. They affect project timelines, capital-allocation decisions and, ultimately, how quickly new capacity reaches the grid. “When you have these kinds of abrupt policy changes … it’s going to have a real implication, especially when markets are tight.” — Darpan Kapadia, COO Watch the full conversation: community.ionanalytics.com/i… #EnergyInfrastructure #PowerMarkets #EnergyPolicy #InfralogicForum

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: linkedin.com/pulse/who-pays-… #DataCenters #AI #ElectricityBills

NEWS: LS Power has entered into a definitive agreement with @ConstellationEG 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: lspower.com/news/ls-power-to… #ERCOT #GridReliability #Energy

LS Power CEO Paul Segal joined @SPGlobal 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: spglobal.com/energy/en/news-… #EnergyPolicy #PowerMarkets #PJM #GridReliability

NEWS: @opterraenergy, 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: businesswire.com/news/home/2… #EnergyInfrastructure #EnergyServices #Infrastructure