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Article: United States: Black Hills Corp. completes sale of seven independent power plants.
- Article from:
- TendersInfo
- Article date:
- July 14, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) 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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Byline: sanjayc03
Black Hills Corp. has completed the USD 840 million sale of seven independent power production gas-fired plants to affiliates of Hastings Funds Management and IIF BH Investment, a subsidiary of an investment entity advised by JPMorgan Asset Management.
The net proceeds from this IPP sale are expected to eliminate Black Hills need to issue equity to finance the pending acquisition of Aquila s electric utility in Colorado and four natural gas utilities in Colorado, Iowa, Kansas and Nebraska.
The IPP sale received ...