Edison International acquires U.K. generation:
Edison International`s independent power subsidiary, Edison Mission Energy, will buy two British power plants from PowerGen for U.S.$2 billion. The coal-fired plants (2,000 MW each) are Ferrybridge in Yorkshire and Fiddler`s Ferry on Merseyside. PowerGen was ordered by British regulators to sell off the plants last year after buying another utility. The transaction is expected to close in the second quarter of 1999.