PSEG Power said it has terminated a purchase and sale agreement with High Plains Diversified Energy Corp for its 1,000MW Odessa gas-fired power plant in Texas, US.
The agreement was for a purchase price of $335m and PSEG Power continues to pursue the facility’s sale with a goal of closing later this year.
Earlier this year, the company announced its plan to sell two 1,000MW gas-fired plants – Odessa and Guadalupe – in separate transactions.
The company completed the sale of the Guadalupe combined-cycle facility in Texas in the first quarter of this year.
PSEG Power is a subsidiary of diversified energy company Public Service Enterprise Group.