I show the same in my server logs:
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Key Not in Generation Peer List: LS0tLS1CRUdJTiBQVUJMSUMgS0VZLS0tLS0KTUlIZk1BMEdDU3FHU0liM0RRRUJBUVVBQTRITkFEQ0J5UUtCd1FDN0J6NGxGNjBtTnRtRnhQMmVaWnFnUWNjSkZGVlJXU0NKejBLagovZEo0ZThqUTdvMWRqNEVvVnh5WEdzYTRHWW5kc3NKTExNayt1ZVpuemVjb3N3QWRVUUlxT3dmOFN4TGV2WUx
It means someone created a transaction to generate currency and that key is not in the elected list. It could be attempt to find ways to exploit the system, it could a server that has a system clock that is waaaay out of time sync, it could a system that is having some other type of unknown error.
I see that error right after this usually. It is usually that 1 denied transaction.
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Treasurer Processed 33 Transactions in 0 seconds.
[32] Successful -- [1] Denied
I did a search of that key through the log history and never see any mention of it being elected, trying to be elected, etc. So it would seem it is more than a server having issues, I lean towards the "someone is trying out the security" functions.
