PSEG Power Sells 1,000MW Gas-Fired Plant to Odessa Power

19 June 2011 (Last Updated June 19th, 2011 18:30)

PSEG Power has sold its 1,000MW Odessa gas-fired generating plant located in West Texas, US, to Odessa Power for $335m. Odessa Power is a subsidiary of Energy Capital Partners II. The transaction marks the completion of the asset sale announced by the company earlier this year

PSEG Power has sold its 1,000MW Odessa gas-fired generating plant located in West Texas, US, to Odessa Power for $335m.

Odessa Power is a subsidiary of Energy Capital Partners II.

The transaction marks the completion of the asset sale announced by the company earlier this year.

In March 2011 the company sold its 1,000MW Guadalupe plant in Texas to MinnTex and MinnTex Power for approximately $352m.