APP to sell Acadia Unit 2 to Entergy Louisiana

Wed. November 04, 2009; Posted: 09:36 AM

Look up the PowerRating of ETR and see how it has performed over the past week as well as the current proprietary PowerRating.

Nov 04, 2009 (Datamonitor via COMTEX) -- ETR | Quote | Chart | News | PowerRating -- Acadia Power Partners has signed a purchase and sale agreement for Unit 2 of the Acadia Power Station, a 580MW generating unit located near Eunice, Louisiana to Entergy Louisiana, a subsidiary of Entergy.

The Acadia Power Station, which began commercial operation in 2002, consists of two Siemens-Westinghouse combined-cycle gas-fired generating units, nominally rated at 580MW each.

Acadia Power Partners (APP) proposes to sell 100% of Acadia Unit 2 and 50% of the facility's common assets. In a separate transaction earlier in 2009, Cleco Power is acquiring Acadia Unit 1 and the other 50% of the facility's common assets pending regulatory approval. Upon closing the transaction, Cleco Power will serve as operator for the entire facility.

Entergy Louisiana has said that its purchase is contingent upon, among other things, obtaining necessary approvals, including full cost recovery from various federal and state regulatory and permitting agencies and the filing of notification under the Hart-Scott-Rodino antitrust law.

Closing of the transaction is expected to occur in late 2010 or early 2011. Energy Louisiana and APP also have entered into a power purchase agreement for 100% of the output of Acadia Unit 2 that will commence on May 1, 2010, and is set to expire at the closing of the acquisition transaction.

http://www.datamonitor.com

Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall 
not be liable for errors or delays in the content, or for any actions 
taken in reliance thereon

For full details on Entergy Corp (ETR) click here. Entergy Corp (ETR) has Short Term PowerRatings of 6. Details on Entergy Corp (ETR) Short Term PowerRatings is available at This Link.

More News: Market Updates | Stock Alerts | All Trading News | Stock Index

Archives

Feedback

Email Article Link

Close X

RELATED SITES

Please call 1-213-955-5858 ext. 1

Tax Relief Bank Levy Wage Garnishment

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.