TransCanada To Sell Coolidge Generating Station In Arizona - Quick Facts

(RTTNews) - TransCanada Corp. (TRP.TO, TRP) announced that it has entered into an agreement to sell its Coolidge Generating Station to SWG Coolidge Holdings, LLC, a wholly owned subsidiary of Southwest Generation Operating Company, LLC, for approximately $465 million. Located in Coolidge, Arizona, the Coolidge Generating Station is a 575-megawatt natural gas-fired power facility.

The company said, when combined with the sale of Cartier Wind and the reimbursement of pre-development costs on the Coastal GasLink pipeline project earlier in the current year, it expects to realize approximately $1.7 billion that will be used to help fund near-term capital program.