SOURCE: Industrial Info Resources

Industrial Info Resources

August 24, 2011 06:20 ET

Tennessee Valley Authority to Acquire Magnolia Power Plant in Northern Mississippi, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Aug 24, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Tennessee Valley Authority (NYSE:TVE) (TVA) (Knoxville, Tennessee) is acquiring the Magnolia Power Plant in Ashland, Mississippi, from Kelson Limited Partnership, a wholly owned subsidiary of Kelson Energy Incorporated (Columbia, Maryland). The $436 million sale is expected to be complete by the end of August.

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