270-MW Gas-Fired Power Plant In Wash. Changes Hands

Law360, New York (November 16, 2012, 5:10 PM EST) -- Puget Sound Energy on Thursday picked up a 270-megawatt power plant in northwest Washington from independent electricity producer Tenaska Inc., expanding the utility's portfolio of natural gas-fired generation facilities and pointing up the increased demand for power in the Evergreen State.

PSE has been buying power from the plant, located just west of Ferndale, Wash., in Whatcom County, since the facility came online in 1994. Last year, the utility concluded that it could offer its 1.1 million electricity customers lower-cost power if it simply bought the...
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