The company’s purchase price for the facility is approximately $155 million. The project is approximately 80% complete and is expected to produce 774MW of electricity when fully operational in 2010.
Thomas Brooks, president of Constellation Energy Resources and executive vice president of Constellation Energy, said: The acquisition of the Hillabee facility is another example of our commitment to expanding beyond restructured competitive power markets into regulated markets in the South. The addition of this generation asset will complement our strong product and service offerings in this market.
