Seven States Power Corp., a group of municipal distributors and cooperatives, will buy a 70% stake in Tennessee Valley Authority’s Southaven, Miss.-plant for $325 million, the Associated Press reports.
The Seven States Power Corp. has secured loans to buy a majority interest in TVA's combined-cycle combustion turbine plant in Southhaven, Miss., Knoxville-based TVA told the Securities and Exchange Commission on Monday.
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