PSEG power unloads two coal-fired plants in western Pennsylvania

smokestacks billowing smoke

TOM JOHNSON / NJ SPOTLIGHT – PSEG Power has agreed to sell its stakes in two coal plants in western Pennsylvania, leaving the energy supplier with only one coal unit in its fleet and that due to retire in two years.

Terms of the transaction, expected to close during the second half of 2019, were not disclosed. PSEG Power owns a 24 percent interest in the 776-megawatt generation facilities.

With the announcement, PSEG Power eliminates a noncore asset and is one step closer to completing its coal-exit strategy; the remainder of the company’s coal-generating facilities have been sold or scheduled for early retirement …

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