Sale of three Texas gas-fired power plants to Blackstone complete

Direct Energy, an energy service provider and subsidiary of Centrica plc (LSE: CNA), completed the sale of three gas-fired power generation facilities in Texas to Blackstone (NYSE: BX).

Located in Bastrop, Mission, and Paris, the facilities 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, Blackstone entered into a three year agreement with an affiliate of Direct Energy.

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