Reliant Energy Completes Sale of Bighorn Generating Station to Nevada Power
Posted on: Tuesday, 21 October 2008, 09:00 CDT
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.
Source: Datamonitor
Related Articles
- Sierra Pacific Resources Reports Third Quarter 2008 Earnings
- EnCana Generates Third Quarter Cash Flow of US$2.8 Billion or $3.74 Per Share - Up 28 Percent
- NV Energy Purchase of Bighorn Generating Facility Completed
- Reliant Energy Completes Sale of Bighorn Generating Facility
- NV Energy Receives PUCN Approval for Construction of Harry Allen Generating Plant and Acquisition of Bighorn Power Facility
- Sierra Pacific Resources Reports Second Quarter 2008 Earnings
- Nevada Power to Acquire Bighorn Power Plant From Reliant Energy
- Apple Unveils Next-Generation Desktop
- (ICST) Integrated Circuit Systems, Inc. Offers Rambus Yellowstone Memory Interface Clock Generators
Rating: 2.1 / 5 (7 votes)
 |
 |
Rate this article:
User Comments (0)
RSS Feeds