Tuesday, January 16, 2007

Mirant to Sell 6 NatGas Plants

Mirant will sell six natural gas-fired power plants to LS Power Equity Partners, an asset management company, for $1.4 billion, the energy said Tuesday. After accounting for project-level debt, Mirant will reap about $1.3 billion, money that it said it would reinvest in other projects or return to shareholders.