News
HPF – Harbert Power Fund V, LLC Acquires Calhoun Power Company
Birmingham, Alabama, May 12, 2016 – Harbert Power Fund V, LLC (“HPF V”), through its subsidiary, East Alabama Generating, LLC, has completed the acquisition of the Calhoun Energy Center from LS Power Equity Advisors. Calhoun is dual-fuel, simple-cycle peaking facility located in Eastaboga, Alabama.
“Calhoun has a history of providing reliable and flexible peaking service for the Southern system,” said a spokesperson for HPF V. “We are pleased to be joining the Calhoun team and continuing this role as a supply resource for our customer.”
HPF V was formed to make equity investments in North American power assets. Balch & Bingham acted as legal counsel to HPF V on the transaction.
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