USGen buys NEES power plants for $1.59 billion

Smock, Robert W.
September 1997
Electric Light & Power;Sep97, Vol. 75 Issue 9, p1
Trade Publication
Announces that US Generating Company bought New England Electric System's (NEES) fossil generation plants and power purchase agreements in August 1997. Amount of the transaction deal; Amount paid by the entrants to power generation; Potential power plant buyers.


Related Articles

  • Northeast power move.  // ENR: Engineering News-Record;04/20/98, Vol. 240 Issue 16, p32 

    Reports that on July 1, 1998, United States Generating Company is expected to complete purchase of 4,000 Mw of nonnuclear generation assets from New England Electrical Systems company. Information on plans to upgrade the assets; Approval of the purchase by the Federal Energy Regulatory Commission.

  • PG&E's NEES purchase highlights divestiture trend.  // Power Engineering;Oct97, Vol. 101 Issue 10, p10 

    Reports on US Generating Co.'s acquisition of New England Electric System's (NEES) fossil generation plants. Deal as part of the divestiture trend in electric power industry; Details of the purchase agreement.

  • Pacific Gas & Electric buys plants.  // Control Engineering;Sep97, Vol. 44 Issue 12, p48 

    Reports on U.S. Generating Co.'s agreement to buy 18 plants from New England Electric System. Terms of the sale; Speculations on the magnitude of the repairs needed by the plants.

  • New England utility to sell its power plants.  // Modern Power Systems;Feb97, Vol. 17 Issue 2, p10 

    Broadcasts the sale of the hydropower and fossil-fuel power facilities of Massachusetts-based New England Electric System. Power capacity.

  • NEES & EUA to merge.  // Electric Light & Power;Mar1999, Vol. 77 Issue 3, p9 

    Reports on the merger of New England Electric System and Eastern Utilities Associates.

  • Untitled.  // Utility Week;2/29/2008, Vol. 28 Issue 18, p38 

    The article announces the acquisition of British gas-fired plant Teesside Power by OwneGaz de France and Suez from Cargill and Goldman Sach. A spokeswoman said that the deal had to be cleared by competition authorities but was expected to be completed in April 2008. The sale coincided with the...

  • Mergers & Acquisitions.  // Power Engineering;Mar2007, Vol. 111 Issue 3, p30 

    The article presents an update on mergers and acquisitions within the electric industry in the U.S. as of March 2007. LS Power will acquire six gas-fired plants of Mirant with a combined capacity of over 3,600 megawatts (MW) for nearly $1.5 billion. AES Corp. bought two 231 MW power plants based...

  • NEES to offer wholesale transmission access.  // Modern Power Systems;Apr96, Vol. 16 Issue 4, p11 

    Reports on the plan of the New England Electric System (NEES) to open up its transmission system to wholesale customers. Planned formation of the NEES Transmission Services Inc.

  • NEES's regional IRP plan. Tranen, Jeffrey D. // Electric Perspectives;Nov/Dec93, Vol. 17 Issue 6, p60 

    Discusses the filing of an agreement by the New England Electric System (NEES) with state regulators for the coordinated review of resource plans. Waiting for approval of the Federal Energy Regulatory Commission (FERC); Retail companies under NEES; Compromise for debate between individual state...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics