Sempra Finalizes $371M Sale Of Ariz. Power Plant Block

Law360, Los Angeles (February 28, 2013, 6:57 PM EST) -- Sempra U.S. Gas & Power LLC has completed a $371 million sale of one 625-megawatt block of its natural gas-fired power plant to the Salt River Project Agricultural Improvement & Power District, one of Arizona's largest utilities, it announced Thursday.

Under the terms of the sales agreement, Salt River Project obtains complete ownership of the 625-megawatt power block of the 1,250-megawatt Mesquite Power plant and 50 percent undivided interest in plant facilities. Salt River Project will also become the operator of the Mesquite Power facility as...
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