Direct Energy sells gas-fired power plants

Direct Energy, a unit of Centrica, completed the previously announced sale of three gas-fired power generation facilities in Texas to Blackstone.

The facilities, located in Bastrop, Mission, and Paris, are part of the Electric Reliability Council of Texas’ (ERCOT) North and South zones and total about 1,295 MW of capacity. 

As part of the transaction, an affiliate of Direct Energy has entered into a three-year call option arrangement for an equivalent amount of capacity with Blackstone.