Dive Summary:
- A total of 70 MW of generating capacity were sold and become part of Exelon’s portfolio following its merger with Constellation in March 2012.
- Included in the sale are two plants in Bakersfield, and one each in Jamestown, Fresno, and Lincoln.
- As a condition of the sale agreement – the terms of which are not being disclosed – IHI offered positions to all Exelon Power employees at the five facilities.
From the article:
Exelon Corp. closed on the sale of its ownership share of five California power plants — a total of 70 MW of generating capacity — to Tokyo-based IHI Corp. The power plants joined Exelon's generating portfolio following the company's merger with Constellation in March 2012.
