PSEG Power to divest stakes in Keystone and Conemaugh coal plants in US
Public Service Enterprise Group (PSEG Power) has agreed sell its indirect interests in the 1,711 MW Keystone and 1,872 MW Conemaugh coal-fired power plants in Pennsylvania. The stakes owned by the company is equivalent to 776 MW.
The Conemaugh Generating Station is a 1,872 MW baseload coal-powered plant located on 1,750 acres (710 ha), across the Conemaugh River from New Florence in Western Pennsylvania. The station generates enough electricity to light 17 million 100-watt bulbs. The facility consists of two steam turbines and two cooling towers.
The Keystone Generating Station is a 1,711 MW, coal power plant located on roughly 1,500 acres (610 ha) in Plumcreek Township, southeastern Armstrong County, Pennsylvania near Crooked Creek, just west of Shelocta, Pennsylvania. The facility consists of two steam turbines and four cooling towers.
Terms of the transaction were not disclosed.
The sale is expected to close in the second half of 2019, subject to customary closing conditions and regulatory approvals.
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