WPL closes on purchase of natural gas-fired combined-cycle power plant

Wisconsin Power & Light Calpine Corp Alliant Energy Riverside Energy Center natural gas-fired combined-cycle power plant

Wisconsin Power & Light Co. (WPL), a subsidiary of Alliant Energy Corp. (NYSE: LNT), has closed on the purchase of Riverside Energy Center LLC, which was owned by Calpine Corp (NYSE: CPN). The purchase price was approximately $400 million.

Riverside Energy Center LLC owned the Riverside Energy Center, a 600 MW combined-cycle natural gas-fired power plant in Wisconsin that began operations in 2004. WPL previously purchased 500 MW of capacity from the facility.

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