Lakeside Energy to buy combined cycle power plants from Integrys

The company's long-term strategy for its energy assets portfolio is to sell the traditional, central power plants and focus more on distributed, renewable energy projects

Oak Brook, Ill., November 1, 2012 — Lakeside Energy LLC, an owner and operator of power generation facilities in North America, has agreed to acquire two combined cycle power plants from WPS Empire State, a unit of Integrys Energy Services Inc.

The plants are located in Solvay and Beaver Falls, New York and sell energy and capacity into the New York Market. The Beaver Falls plant has a rated capacity of 95 MW and sells steam to two adjacent industrial customers. The Solvay plant has a rated capacity of 109 MW.

The company's long-term strategy for its energy assets portfolio is to sell the traditional, central power plants and focus more on distributed, renewable energy projects.

The transaction is subject to normal closing conditions and regulatory approvals.

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