Share “Feds allow Entergy to buy Miss., Ark....”

Feds allow Entergy to buy Miss., Ark. power plants

Associated Press Modified: November 14, 2012 at 10:45 pm •  Published: November 14, 2012
Advertisement

JACKSON, Miss. (AP) — Federal officials say Entergy Corp. can buy two power plants from KGen Power Corp., but say the antitrust investigation of Entergy isn't over.

The New Orleans utility wants to buy generating stations in Jackson, Miss., and Malvern, Ark., from Houston-based KGen for $523 million. Purchases of the natural-gas fired plants were frozen by the investigation into whether Entergy used control of transmission lines to harm independent power generators like KGen.

The Justice Department said Wednesday that Entergy can complete the purchase, and Entergy expects to do so by year's end. Officials say Entergy's plans to join a regional transmission organization called MISO and spin off long-distance power lines to ITC Holdings Corp. will end antitrust concerns. However, Justice officials say if Entergy doesn't take those steps, it may still act.


AROUND THE WEB

  1. 1
    ONEOK Partners to invest up to $100 million to expand capacity in Permian Basin
  2. 2
    Report: Thunder signs Josh Huestis to 4-year deal
  3. 3
    Thunder TV analyst Nancy Lieberman expected to become Kings assistant coach
  4. 4
    Dodgers send Olivera to Braves in three-way trade
  5. 5
    MTV's 'Real World' sets casting call in Oklahoma City
+ show more

FEATURED JOBS



× Trending energy Article