PPL sells gas plants

PPL Corp. completed the previously announced sale of its interests in several generating stations to LS Power Equity Advisors, a unit of LS Power, for $381 million in cash.

The transaction includes the 244 MW PPL Wallingford natural gas-fired power plant in Connecticut, the 585 MW PPL University Park natural gas-fired power plant in Illinois and PPL’s one-third share in Safe Harbor Water Power Corp.

Credit Suisse and BofA Merrill Lynch served as PPL's financial advisers in this transaction.

Read more mergers and acquisition news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...