Shell Generating
and
Bechtel Enterprises Energytoday signed an agreement to sell
InterGenand 10 of its power plants to a partnership between
AIG Highstar Capitaland
Ontario Teachers' Pension Planfor $1.75 billion.
Shell currently owns 68 percent of InterGen, with the rest held by Bechtel. Excluded from the sale are InterGen's assets in the
The InterGen plants to be sold are located in the
The transaction is expected to close mid-2005 and is subject to certain conditions and regulatory approvals.
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