Summary
In a move to further reduce debt, Allegheny Energy Inc. yesterday said it would sell an Indiana power plant for $100 million to a Midwestern power company.
The agreement puts Allegheny close to reaching its goal of lowering debt by $1.5 billion by the end of this year, and follows a string of other land and plant sales during the past year.See the full content of this document
Extract
Allegheny Unplugs Indiana Facility
The sales and debt reduction became necessary after Allegheny nearly went bankrupt in 2003. The company's gamble to bec...
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