Three Direct Energy Power Plants being sold to Blackstone

By: News 12 Paris
By: News 12 Paris

PARIS, TX-- A Paris Power plant is being sold as part of a deal worth nearly $700 million dollars.

Direct Energy has announced its selling three of it's natural gas-fired power plants in Texas, including the Paris Plant to asset management firm Blackstone.

The Paris facility has around 20-employees.

Blackstone will also take control of plants in Bastrop and Mission.

The deal is reported at $685 million dollars, and is expected to close in early 2014.

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