AltaGas Ltd. has entered into a purchase and sale agreement with affiliates of LS Power Equity Advisors to buy Blythe Energy, LLC through its indirect wholly owned subsidiary AltaGas Power Holdings (U.S.) Inc. for $515 million. Blythe Energy owns the Blythe Energy Center, a 507MW natural gas-fired combined cycle power plant (CCPP), associated major spare parts and a related 230 kV 67-mile electric transmission line in Southern California.
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