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US: FERC clears energy plants sale

By  |  August 22, 2013

The US Federal Energy Regulatory Commission reportedly cleared a deal that sees energy company Dominion sell several of its power plants to Energy Capital Partners. Following review, the FERC said it found no evidence the transaction would negatively impact the power market in New England where concerns had risen. The plants are in Illinois and Massachusetts. Further, Energy Capital Partners will also take 49.5 percent ownership in an additional Illinois plant. In its decision, the FERC said the deal remains in the public interest and will not negatively affect energy costs.

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