El Paso makes $198m from further asset sales
Houston-based energy company El Paso Corp has sold four more power plants to Northern Star Generation for $147 million, continuing its mass sell-off of assets. El Paso’s merchant energy subsidiary has also received a final instalment of $51 million on the sale of contracts related to its Elba Island liquefied natural gas (LNG) terminal in Georgia.
With regard to the LNG contracts, El Paso Merchant Energy in December 2003 assigned the contractual rights to all its upstream and downstream gas purchase and sales contracts at the Elba Island LNG terminal to
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