PPL sells US power generating assets for $381m

Mar 10th, 2011 | By | Category: Business

US based PPL Corp has sold its interests in certain non-core power generating stations to an affiliate of LS Power Equity Advisors for approximately $381m.

The transaction includes the 244MW Wallingford gas-fired plant in Connecticut, the 585MW University Park gas-fired facility in Illinois, and PPL’s one-third share in the 421MW Safe Harbor hydropower station in Pennsylvania.

Read more here: PPL sells power generating assets in US for $381m – Energy Business Review.

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