Reliant Energy Inc. has agreed to sell its Bighorn Generating Station to a subsidiary of Nevada Power Co. for about $500 million.
Reno, Nev.-based Sierra Pacific Resources (NYSE: SRP), a subsidiary of Nevada Power, will own the Primm, Nev. station, which is a 598-megawatt, natural gas-fired, combined-cycle power plant.
The station was commissioned in 2004, and is a zero discharge facility using treated wastewater from local casinos for cooling and make-up water.
Houston energy provider Reliant (NYSE: RRI) expects the deal to close later this year.
