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Article: Duke Energy Indiana to Sell Wabash River Station Unit #1 to Wabash Valley Power Association.
- Article from:
- PR Newswire
- Article date:
- December 1, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. 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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PLAINFIELD, Ind., Dec. 1 /PRNewswire-FirstCall/ -- Duke Energy Indiana has agreed to sell one unit of its Wabash River Power Station (Unit 1) in West Terre Haute, Ind., to the Wabash Valley Power Association (WVPA).
The price of the transaction is based on the book value of Wabash River Unit 1 at the time of closing, which is currently estimated to be approximately $110-120 million.
Unit 1 produces electricity using synthesis gas from a coal gasification plant co-owned by WVPA and SG Solutions. It is adjacent to Duke Energy's Wabash River Station. When the synthesis gas is unavailable, the unit can also run on natural gas.
The sale includes ...
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