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Centrica Plc's Direct Energy completes sale of three texas power plants to Blackstone

Friday, 17 Jan 2014 12:42pm EST 

Centrica Plc:Says its subsidiary Direct Energy, completed the previously announced sale of three gas-fired power generation facilities in Texas to Blackstone.Says facilities, located in Bastrop, Mission, and Paris, are part of the Electric Reliability Council of Texas' (ERCOT) North and South zones and total about 1,295 megawatts (MW) of capacity.Says as part of the transaction, an affiliate of Direct Energy has entered into a three year call option arrangement for an equivalent amount of capacity with Blackstone. 

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