Allegheny Energy to sell Illinois power plant
Pennsylvania-based Allegheny Energy is to sell a power plant in Manhattan, Illinois for $173 million to a private investment firm that specialises in energy assets. ArcLight Capital Partners has agreed to buy the 672-megawatt (MW) Lincoln Generating Facility, along with an associated tolling agreement.
Meanwhile, Allegheny has retained Banc of America Securities as a financial adviser with regard to the sale of its two remaining Midwest
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