PSEG Power sold the gas-fired facility to Odessa Power, a subsidiary of Energy Capital Partners II, for about $335m.
The closing of the Odessa sale completes the Texas asset sale process announced by PSEG Power in early 2011.
In March 2011, PSEG Power closed the sale of the 1,000MW Guadalupe plant to MinnTex Power Holdings and MinnTex GP for about $352m.
Goldman Sachs acted as exclusive financial advisor to PSEG Power in connection with the transaction.
