LS Power has entered into an agreement with Platinum Equity to purchase the 810-MW gas-fired Hunterstown Generating Station in Adams County, Pa.

“Hunterstown will join LS Power’s fleet of flexible gas-fired generation, a portfolio of assets with the dynamic ramping attributes critical to a successful clean energy transition,” LS Power Generation President Nathan Hanson said Jan. 16 in an announcement of the transaction, which is expected to close in the second quarter of this year.

Located in PJM’s Met-Ed region, the combined cycle generator is configured with three combustion turbines and a steam turbine. LS Power could not be reached for comment.

LS Power CEO Paul Segal said natural gas generators will continue to be necessary to maintain grid reliability as demand accelerates.

“In order to decarbonize the electric grid in a reliable, affordable and responsible manner, we will need to continue utilizing efficient, flexible gas-fired generation, for which our fleet is well positioned, to help accelerate the clean energy transition by managing the intermittency of renewables,” Segal said.

In a separate announcement of the deal, Platinum co-President Louis Samson said the facility has been a strong source of revenue for the private equity firm. Platinum acquired Hunterstown from NRG Energy in 2018 for $520 million.

“Hunterstown is an outstanding asset that has benefited from meaningful investment under our watch and has performed well operationally during our ownership,” Samson said.

The financial details of the transaction were not disclosed in either company’s announcement.

[Editor’s Note: An earlier version of this article included a stock photo that was not the Hunterstown plant.]