American Electric Power announced it has completed the sale of four competitive power plants to Lightstone Generation LLC, a joint venture of Blackstone and an affiliate of ArcLight Capital Partners.
The sale, announced Sept. 14, includes 5,200 MW of power generation capacity for $2.1 billion.
The power plants include:
· Lawrenceburg Generating Station, 1,186 MW natural gas, Lawrenceburg, Indiana
· Waterford Energy Center, 840 MW natural gas, Waterford, Ohio
· Darby Generating Station, 507 MW natural gas, Mount Sterling, Ohio
· Gen. James M. Gavin Plant, 2,665 MW coal, Cheshire, Ohio