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Article: El Paso Corporation closes two transactions for $198 million.
- Article from:
- M2 Presswire
- Article date:
- October 5, 2004
CopyrightCOPYRIGHT 2004 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-5 October 2004-El Paso Corporation: El Paso Corporation closes two transactions for $198 million(C)1994-2004 M2 COMMUNICATIONS LTD
RDATE:10052004
HOUSTON, TEXAS - El Paso Corporation (NYSE:EP) announced today that it has closed two transactions resulting in total proceeds of $198 million.
First, El Paso closed the sale of four power plants to Northern Star Generation, LLC for $147 million. El Paso has now closed on the sale of 21 of the 25 domestic power plants that the company previously announced in January it had agreed to sell to Northern Star Generation, LLC. With the close of this transaction, El Paso has received ...