Reliant Energy Completes Sale of Bighorn Generating Station to Nevada Power
October 21, 2008
US-based electricity utility Reliant Energy has completed the previously announced sale of its Bighorn generating station for approximately $500 million to the Nevada Power Company, a wholly owned subsidiary of Sierra Pacific Resources.
Reliant Energy expects to record a pre-tax gain of approximately $45 million during the fourth quarter of 2008 on the sale of the facility.
The Bighorn generating station is a 598MW, combined-cycle generating facility located 35 miles south of Las Vegas in southern Clark County, near Primm, Nevada. Commissioned in 2004, Bighorn uses natural gas as its sole fuel source.