Canadian Manufacturing

Direct Energy selling trio of natural gas plants in Texas for $685M

Units in Bastrop, Mission, and Paris, Texas, have combined capacity of nearly 1,300 megawatts

December 19, 2013  by The Associated Press

HOUSTON—Direct Energy has announced plans to sell its three natural gas-fired power plants in Texas to asset manager firm Blackstone in a $685-million cash deal.

The sale will be made through Direct Energy Power Holdings Inc.

The units are located in Bastrop, Mission, and Paris, Texas, and have a combined capacity of nearly 1,300 megawatts.

The agreement with New York-based Blackstone is subject to regulatory review and should close in early 2014.

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Direct Energy is a subsidiary of Centrica PLC.


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