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Keyword: coyotesprings2

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  • MIRANT SIGNS AGREEMENT TO SELL COYOTE SPRINGS 2 POWER PLANT TO AVISTA

    07/28/2004 12:27:02 PM PDT · by MeneMeneTekelUpharsin · 4 replies · 323+ views
    Energy Info Source ^ | 28 July 2004
    Excerpt... Second, Avista and Mirant Corp., co-owners of the Coyote Springs 2 gas- fired generating facility, have signed a non-binding letter of intent for Avista to purchase Mirant's half interest in the facility. If the transaction is successful, Avista will own the entire facility and an additional 140 megawatts of generating capacity to serve its customers' future energy needs. "Our decision to seek to acquire full ownership of the plant is driven by a potentially attractive price, together with Avista's familiarity and experience with the facility," said Ely. "These factors outweigh other considerations such as the concentration of more energy...