Southern Power, LS Power Swap Plants

Law360, New York (October 23, 2009, 4:04 PM EDT) -- Southern Co. has inked a deal with LS Power that will trade control of a Florida-based natural gas-fired power plant owned by Southern Co. subsidiary Southern Power for full stake in an LS-owned natural gas generation plant in Georgia.

While representatives for Southern Co. declined to disclose the full value of the transaction, they did say the exchange will include a $140 million cash consideration to LS Power.

The deal, announced Thursday, will give Southern Power, one of the largest wholesale energy providers in the Southeast,...
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