Energy company Dominion said Thursday it will sell three natural gas-fired generation facilities to a subsidiary of Tenaska Power Fund, L.P., and an affiliate of Warburg Pincus LLC.
Financial terms were not disclosed, and the transaction is expected to be completed in the first quarter of 2007.
Included in the sale are: Pleasants, a 313-megawatt facility in St. Mary's, W. Va.; Armstrong, a 625-megawatt facility in Shelocta, Pa.; and Troy, a 600-megawatt facility in Luckey, Ohio.
A total of 16 people are employed at the three stations.
Proceeds of the sale will be used by Dominion to reduce its debt.
Dominion has not yet made a decision on the possible sale of a fourth facility in its merchant fleet, State Line, a 515-megawatt coal-fired facility in Hammond, Ind.