Pricing point ... gas-fired peaking plant in West Virginia

by: Sandy Cohen

Yesterday American Electric Power (NYSE:AEP) announced the purchase of a 505 MW gas-fired peaking facility in West Virginia from Reliant Energy.

It has been a relatively quiet summer for power plant asset sales, as best we can tell.  But here is another sale that adds to the landscape of understanding what power plant assets are worth.

The sale was for $100 million, or about $200/KW.  Both AEP and Reliant have news releases on the sale:

  1. Reliant Energy's Press Release
  2. AEP's News Release -- from Power Marketer's Daily

This continues our posting of announcements of power asset sales, and their pricing.  The full list of our posts can be found here:  Utility Stock Blog Articles on Power Asset Sales.