By Tim Gallen |Phoenix Business Journal
A Canadian energy firm has decided to unload a power plant in Arizona, according to the Financial Post.
TransCanada Corp. has inked a deal to sell the Coolidge Generating Station to a subsidiary of Denver-based Southwest Generation Operating Co. LLC for $465 million.
The move is part of a plan to help fund Calgary-based TransCanada’s (NYSE: TRP) capital spending program, according to the Post.