Orion power to buy 7 Duquesne plants

  • 28/12/1998

Orion Power Holdings Inc. agreed to buy seven power plants from Duquesne Light Co. for $1.7 billion, underscoring its intention to become a major player in the U.S. electricity-generation market.The deal is Orion's fourth- and biggest -purchase in the past year of plants being sold by utilities exiting power generation due to energy deregulation.