TransCanada Corp. has completed the sale of its remaining U.S. Northeast merchant power generation assets to Helix Generation, an affiliate of LS Power Equity Advisors, for approximately $2.1 billion.
Proceeds from this transaction will be used to fully retire the remaining acquisition bridge facilities that partially funded the acquisition of the Columbia Pipeline Group.
The sale includes four power facilities: Ravenswood, Ironwood, Ocean State and Kibby Wind, which collectively produce close to 4,000 megawatts.