HOUSTON, April 28, 2005 (PRNewswire-FirstCall) — Reliant Energy completed the previously announced sale of its two remaining hydroelectric generating stations for $42 million to Brascan Power, a subsidiary of Brascan Corporation.
The units, which include the Piney Station, located near Clarion, Pennsylvania, and Deep Creek Station, located in western Maryland near Oakland, have generating capacity totaling 48 megawatts.
About Reliant Energy, Inc. [ www.reliant.com/corporate ]
Reliant Energy, Inc. based in Houston, Texas, provides electricity and energy services to retail and wholesale customers in the U.S. The company provides a complete suite of energy products and services to approximately 1.9 million electricity customers, ranging from residences and small businesses to large commercial, industrial, governmental and institutional customers, primarily in Texas. Reliant also serves commercial and industrial clients in the PJM (Pennsylvania, New Jersey, Maryland) Interconnection.
The company is one of the largest independent power producers in the nation with approximately 19,000 megawatts of power generation capacity in operation or under contract across the U.S. These strategically located generating assets utilize natural gas, wind, fuel oil and coal.