PSEG sells plant

PSEG Power LLC, a unit of Public Service Enterprise Group Inc, has completed the $351 million sale of its Guadalupe natural gas-fired power plant to MinnTex Power Holdings LLC and MinnTex GP LLC.

The plant is one of two 1,000 MW plants that PSEG Power LLC has agreed to sell. The other sale involves a plant in west Texas that is being sold to High Plains Diversified Energy Corp. That deal is expected to close in the first half of 2011.

Read more mergers and acquisitions 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

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...