AEP Completes Sale of Four Power Plants

Pictured: The Gen. James M. Gavin Plant, part of the portfolio sold by AEP.

By Editors of Power Engineering

American Electric Power announced it has completed the sale of four competitive power plants to Lightstone Generation LLC, a joint venture of Blackstone and an affiliate of ArcLight Capital Partners.

The sale, announced Sept. 14, includes 5,200 MW of generation capacity for $2.1 billion.

The plants include:

·       Lawrenceburg Generating Station, 1,186 MW natural gas, Lawrenceburg, Indiana

·       Waterford Energy Center, 840 MW natural gas, Waterford, Ohio

·       Darby Generating Station, 507 MW natural gas, Mount Sterling, Ohio

·       Gen. James M. Gavin Plant, 2,665 MW coal, Cheshire, Ohio

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