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.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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