Saturday, April 17, 2010

Constellation Buys Two Natural Gas Generation Facilities

Constellation Energy Group Inc. has agreed to purchase two natural gas generation facilities in Texas for $365 million. The plants — Colorado Bend Energy Center and Quail Run Energy Center — are owned by Houston-based Navasota Holdings. Constellation will add 1,100 megawatts of capacity to its 7,100 megawatt generation portfolio at the close of the deal. One megawatt of energy can power 1,000 homes. (The Daily Record, 4/16/10)

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