Green Touch Builders | FERC approves $2.8B sale of Duke Energy’s Midwest commercial plants
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March 28, 2015 By SEO Admin

FERC approves $2.8B sale of Duke Energy’s Midwest commercial plants

Duke Energy (NYSE:DUK) expects to close the $2.8 billion sale of its fleet of commercial power plants in the Midwest to Dynegy Inc. on April 2 after gaining approval of the sale by the Federal Energy Regulatory Commission on Friday.

FERC’s approval was the final step needed to let Duke and Dynegy go ahead with the deal, which was proposed in August.

Dynegy agreed to buy Duke’s 6.1 gigawatts worth of capacity in 11 plants in the Midwest and Pennsylvania. Dynegy, in a separate deal reached at…