Director of Asset Management
About the job
- A Bachelor or Master’s Degree in Engineering, Business, Environmental Science, or a related field.
- 8-10+ years of professional experience in the power generation industry, preferably in planning and executing large-scale maintenance and upgrade projects.
- Strong networking and vendor management skills, specifically with power generation original equipment manufacturers and other service and material providers.
- The ability to manage multiple assignments effectively under time constraints.
- The ability to collaborate effectively with a diverse team.
- Strong time management, organizational, and communication skills.
- Strong analytical and problem-solving skills.
- The ability to work independently with regular direction.
- Experience preparing, negotiating, and closing commercial agreements, including consulting, purchase, repair, and service agreements.
- Manage a portfolio of operating power generation assets.
- Manage the development of major maintenance projects for operating assets.
- Manage the development of power generation modernization and upgrade projects.
- Create enterprise-level major maintenance models.
- Own projects from creating the request for quotation through the award and execution phases.
- Provide technical guidance and recommendations to operating assets.
- Provide project management oversight to multiple projects.
- Provide vendor management and oversight, including strategic interface with power generation original equipment manufacturers and key suppliers.
- Evaluate business cases, estimate returns, budgets, and cash flow.
- Prepare presentations related to projects and development status.
- Act as an agent of the company with counterparties, regulatory bodies, elected officials, and others as necessary.
- Experience in planning and executing large-scale maintenance and upgrade projects in the power generation industry.
About the company
LS Power develops, owns, operates and invests in power generation and electric transmission infrastructure across the United States. Its assets include new and existing power plants and the transmission lines that move electricity to customers, with management and financing provided to keep operations reliable. The company is employee-owned and vertically integrated, combining development, construction, ownership, operation and financing under one umbrella, supported by a long track record and substantial capital. Its goal is to expand and maintain a reliable, affordable electricity network that delivers steady power supply and returns to its employee owners.
Company Size
501-1,000
Company Stage
N/A
Total Funding
$28.8M
Headquarters
New York City, New York
Founded
1990
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Simplify's Take
What believers are saying
- Constellation’s $5 billion PJM sale should close later in 2026, lifting operating scale.
- Brazos Valley adds 606MW in ERCOT, where Texas load growth and data centers surge.
- San Jose’s March 2026 franchise can deliver 2,000MW and annual fee revenue.
What critics are saying
- A DOJ or FERC rejection kills the $5 billion deal and stalls 2026 expansion.
- LS Power leans on gas in PJM and ERCOT, exposing carbon and price backlash.
- If California permitting slips, the San Jose projects miss the 2028 energization timeline.
What makes LS Power Development unique
- Employee-owned LS Power combines generation, transmission, and infrastructure investing across 200+ projects since 1990.
- Paul Segal’s team bought 4.4GW PJM and 606MW ERCOT gas assets in 2026.
- San Jose approved LS Power’s 2,000MW transmission build, proving utility-scale development execution.
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Benefits
Health Insurance
Parental Leave
Remote Work Options
Company News
PJM approves fast-track interconnection for 2.1 GW from Engie, LS Power. The grid operator expects Engie's two storage projects totaling nearly 1.7 GW and LS Power's 455-MW gas-fired uprate will be online by mid-2029. Published Oct. 9, 2026 The PJM Interconnection has approved three initial projects totaling 2.1 GW - two storage projects planned by Engie IR Holdings and a gas-fired uprate proposed by an LS Power unit - in its Expedited Interconnection Track process, the grid operator said Thursday. PJM expects the projects will come online in mid-2029. With the approvals in hand, Engie plans to build an 860-MW storage project in Crawford, Pennsylvania, and an 800-MW storage project in Morrow, Ohio, according to PJM. LS Power intends to add 455 MW to its 810-MW combined cycle Hunterstown power plant in Adams, Pennsylvania, PJM said. LS Power bought the power plant from Platinum Equity in 2024. The projects' advancement through PJM's review process comes as the grid operator is facing tight supply conditions with little generation coming online in recent years while data centers are driving the grid operator's demand forecasts higher. That dynamic has led to a sharp spike in PJM's capacity costs, driving up electric utility bills in some areas. After the Federal Energy Regulatory Commission approved the Expedited Interconnection Track process in June, PJM opened the application window for the process on July 31. The fast-track interconnection review process is for projects larger than 250 MW that are backed by a primary siting authority and can begin operating within three years, PJM said. Under the process, PJM will consider up to 10 interconnection requests a year for new or uprated capacity resources that meet the eligibility requirements. The process is set to expire at the end of 2027. The temporary interconnection process is one part of PJM's efforts to bring new generation online to meet rising demand, mainly driven by planned data centers, the grid operator noted. Those efforts include a pending reliability backstop procurement for new generation, updates to the grid operator's surplus interconnection service rules that could allow new generation to use existing interconnection capacity and a reformed generator interconnection process.
CD&R and McKesson buys Option Care Health for $5.8B. Clayton Dubilier & Rice and healthcare services company McKesson Corp. have agreed to acquire Option Care Health for $32.05 per share, implying an enterprise value of approximately $5.8 billion. CD&R will hold an approximately 51 percent majority interest, while McKesson (NYSE: MCK) will invest approximately $1.4 billion for an approximately 49 percent minority stake. The agreement also establishes a framework for McKesson to acquire CD&R's interest in the future, subject to specified conditions and regulatory approvals. Option Care Health (Nasdaq: OPCH) will remain a separate company under its existing management team. Illinois-based Option Care Health is an independent infusion therapy provider in the U.S., delivering treatments in patients' homes and through infusion centers nationwide. The company provides infusion and injectable therapies for acute and chronic conditions, including neurological and autoimmune disorders, infectious diseases and other complex conditions, as well as nutrition and specialty medication services. Its network includes more than 197 infusion suites across the country, supported by more than 5,000 multidisciplinary clinicians and serving more than 308,000 patients annually. Centerview Partners is financial advisor, Kirkland & Ellis is legal advisor and Joele Frank, Wilkinson Brimmer Katcher is strategic communications advisor to Option Care Health. BofA Securities, Barclays, Goldman Sachs, Jefferies and Wells Fargo are financial advisors to the consortium and are providing committed financing. Debevoise & Plimpton is legal advisor to CD&R, while Davis Polk & Wardwell and Reed Smith are legal advisors to McKesson. Kohlberg Acquires Majority Stake in Advanced Industrial Devices from Black Bay Advanced Industrial Devices offers engineered automation and control services for mission-critical infrastructure. To read the entire story, you must be logged in. LS Power Closes $6B Fund VI Above Target Fund VI will invest in renewable and conventional generation, energy storage, distributed energy resources and other critical energy infrastructure. To read the entire story, you must be logged in. Avance Adds Carl Stanton as Senior Partner to Expand Industrial Services Strategy Stanton has previously served as managing partner and head of private equity at Invesco Private Capital. To read the entire story, you must be logged in. Sojourner Consumer Partners Merges Lornamead Products with AMG Brands in $279M deal The merger brings together Lornamead's personal and oral care portfolio with AMG's household and personal care brands. To read the entire story, you must be logged in.
LS Power, a North American power and energy infrastructure firm, has closed its sixth fund with approximately $6 billion in commitments. Launched in January 2026, Fund VI exceeded its $4 billion target and reached its hard cap by July due to strong investor demand. The fund will invest in renewables, conventional generation, energy storage, and distributed energy resources. Approximately $1.7 billion has already been committed towards LS Power's pending acquisition of a 5-gigawatt gas-fired generation platform from Constellation Energy across Mid-Atlantic and Texas power markets. The fund attracted commitments from pension funds, insurance companies, sovereign wealth funds, and other institutional investors globally. LS Power has raised approximately $19.8 billion in equity commitments across all its investment partnerships since inception.
LS Power to buy Brazos Valley Energy Center from Constellation. The acquisition of the Brazos Valley plant will bring LS Power's US operating fleet to 14.1GW once pending deals close. LS Power has reached a definitive agreement to purchase the Brazos Valley Energy Center, a 606MW natural gas-fired combined-cycle facility in Texas, US, from Constellation for $860m. Previously known as the Jack Fusco Energy Center, the facility is located near Houston, within the Electric Reliability Council of Texas (ERCOT) power market. The sale forms part of regulatory commitments tied to Constellation's earlier acquisition of Calpine. According to Constellation, the divestiture of the Brazos Valley Energy Center is the final asset required to be sold under these commitments. Closing of the transaction is pending approval from the US Department of Justice and other customary conditions. Both companies anticipate completing the deal by the end of the year. LS Power CEO Paul Segal said: "Texas is experiencing exceptional economic growth as its pro-business policies continue to attract companies, investment and jobs from across the country. That growth is driving rapidly increasing demand for electricity, while new generation projects can take years to develop and bring online. "Acquiring and optimising proven assets is one of the fastest and most cost-effective ways to meet that need, and natural gas is well-positioned to provide the reliable, around-the-clock capacity the market requires. This acquisition reflects our 'more of everything' approach and our commitment to delivering the affordable, reliable power needed to sustain Texas' growth." The addition of the Brazos Valley plant will increase LS Power's generation portfolio in ERCOT. Following completion of this and other pending transactions, LS Power's national operating fleet is expected to reach around 14.1GW. This latest deal follows an announcement in March in which LS Power agreed to acquire a 4.35GW portfolio of five gas-fired generation assets in the Pennsylvania-New Jersey-Maryland (PJM) market from Constellation. Legal advisers to LS Power on the Brazos Valley acquisition were White & Case and Willkie Farr & Gallagher, with Houlihan Lokey and RBC Capital Markets providing financial advice. Constellation separately reported that its generally accepted accounting principles net income for the second quarter of 2026 declined to $1.42 per share, compared to $2.67 per share in the previous year. Adjusted operating earnings for the quarter rose to $2.55 per share from $1.91 per share. The company also signed an additional 920MW of long-term nuclear power purchase agreements with various investment grade customers, with these agreements set to begin between 2029 and 2032. Among these, a 176MW deal with Walmart is expected to support expansion at the Dresden Clean Energy Center in Illinois. Give your business an edge with its leading industry insights.
Constellation Energy to sell gas plant to LS Power, raises profit forecast. August 6, 2026 EnergyNow Media * Constellation to sell Texas gas plant to LS Power for $860 million * Company raises 2026 profit forecast * Company beats Q2 profit estimates Aug 6 (Reuters) - Power company Constellation Energy (CEG.O) said on Thursday it will sell a gas plant in Texas to LS Power for $860 million, and raised its current-year operating earnings forecast on the back of robust power demand, sending shares up 1.3% in morning trading. The sale of Brazos Valley Energy Center plant to LS Power marks the last divestiture required by Constellation to complete its $16.4-billion acquisition of Calpine assets. Constellation, the largest nuclear power operator in the U.S., has been expanding beyond its nuclear-heavy fleet, with its Calpine acquisition adding a large gas-fired generation portfolio that gives it more flexibility in high-demand markets such as Texas. Executives said on a conference call that much of the anticipated data center load in Texas remains under construction and has not yet been connected to the grid. In a separate statement, LS Power said its deal for the Texas plant, expected to close by the end of this year, will bring its total capacity to 14,100 MW post completion and strengthen its presence in ERCOT, one of the fastest-growing power markets. LIFTS FORECAST ON ROBUST POWER DEMAND Constellation said most of its generation output is now contracted through 2050 and beyond, providing long-term revenue visibility. The company said on Thursday it has signed agreements to provide an additional 920 megawatts (MW) of nuclear power to a diverse set of investment-grade customers for 15 to 20 years, with supply set to begin from 2029 through 2032. It has also filed applications with the Nuclear Regulatory Commission to extend the operating licenses of its Ginna Clean Energy Center and Nine Mile Point Unit 1 reactor in New York to 2049, a 20-year extension if approved. The company posted operating earnings of $2.55 per share, beating the analysts' average estimates of $2.28 per share, according to data compiled by LSEG. It raised its annual forecast for operating earnings to between $11.50 and $12.50 per share, from $11.00 to $12.00 per share earlier. Reporting by Dharna Bafna in Bengaluru; Editing by Leroy Leo Share This: