Direct Energy $685M fires up Mission saleDirect Energy $685M fires up Mission salehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=54452013-12-19T06:51:00Z2013-12-18T00:00:00Z

MISSION, PARIS, BASTROP - Direct Energy, a subsidiary of Centrica PLC, is set to sell its Texas gas-fired power stations to Blackstone for $685 million.

The three units, located in Paris, Bastrop, and Mission, have a combined capacity of 1,295MW — about 2 percent of the state’s total capacity.

The Texas power market is projected to be among the fastest-growing in the U.S., according to North American Electric Reliability Corp. State regulators are considering changes to market rules that would pay power producers to keep excess generation capacity in reserve as population growth threatens to outstrip supplies — a potential boon for the industry that UBS says could be worth $2.8 billion a year.

Dallas Morning News
Infrastructure & Transportation
http://bizbeatblog.dallasnews.com/2013/12/direct-energy-sells-off-texas-power-plants.html/Read more at {Source}

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