Duke sells part-built power plant to Nevada Power
The big US energy asset sell-off continued late last week, when Nevada Power Company bought a part-built 1,200 megawatt power plant for $182 million from Duke Energy. North Carolina-based Duke will receive proceeds and tax benefits of $330 million from the sale, which was first announced in June.
The merchant natural gas-fired plant – in the Moapa Valley, near Las Vegas – should be fully operational by summer 2006, said Nevada Power.
Fred Fowler, president and chief operating
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