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Stock Market & Financial Investment News

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April 21, 2014
07:14 EDTCPNCalpine to sell generation assets for $1.57B to LS Power
Calpine has signed an agreement to sell approximately 3,500 MW of generation resources in the Southeastern United States to U.S. power and energy infrastructure owner LS Power Equity Advisors for $1.57B in cash, subject to working capital and other adjustments. The portfolio consists of six combined-cycle generation facilities which use natural gas as the primary fuel source. The transaction is expected to close in Q2.
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