$400m sale of coal power plants fulfils Exelon’s merger obligations

Exelon have disposed of three coal fired power plants Maryland, US, generating $400m and in turn complying with a regulatory commitment as part of its merger with Constellation.

The three plants include 1,273MW Brandon Shores and 976MW H A Wagner in Pasadena and 399MW C.P. Crane in Middle River, which are collectively known as Maryland Clean Coal, according to Energy Business Review.

Brandon Shores coal power plant
They have been sold to private equity firm Raven Holdings, a subsidiary of Riverstone Holdings LLC. Riverstone, a private equity firm founded in 2000, invests in energy exploration and production, oil field services and power, and renewable energy.

For more coal fired power news

No posts to display