Thursday, 13 September 2018

AltaGas sells three gas-fired plants in California for $300m

AltaGas' 330-MW Tracy CCGT AltaGas' 330-MW Tracy CCGT

Canada-based AltaGas has sold three gas-fired power plants in California to Middle River Power III, part of the private equity firm Avenue Capital, for $300 million. The proceeds will be used repay part of AltaGas’ debt related to the acquisition of an American electric utility.

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