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Exelon Corp Sells Stake In Five California Power Plants-Reuters

Tuesday, 21 Aug 2012 10:51am EDT 

Reuters reported that Exelon Corp sold stakes in five California power plants, acquired as part of its merger with Constellation Energy Group, to Japan's IHI Corp. The two coal-powered and three biomass-based plants - with a total generation capacity of 70 megawatts (MW) - came into Exelon's fold following the completion of the Constellation deal in March. IHI acquired Exelon's 50% stake in four power plants and 45% stake in one plant. Financial terms of the deal were not undisclosed. 

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