Ownership
From the early 1970s until 2000, the plant was owned by eight utilities: PacifiCorp (47.5%), Avista Energy (15%), Seattle City Light (8%), Snohomish County PUD (8%), Tacoma Power (8%), Puget Sound Energy (7%), Grays Harbor County PUD (4%), and Portland General Electric (2.5%).
Plans to sell the plant began in 1998. In 2000, Portland General Electric sold its 2.5 percent share to Avista Energy, shortly before the plant was sold in its entirety to TransAlta Corporation for $554 million that same year.
Read more about this topic: Centralia Power Plant
Famous quotes containing the word ownership:
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