PSEG Power to sell interest in Keystone/Conemaugh coal plants

PSEG Power in Newark announced Monday it has agreed to sell its 766-megawatt interest in the Keystone and Conemaugh coal generation facilities in western Pennsylvania.

The deal is expected to close in the second quarter of 2019.

PSEG Power said the sale will eliminate a non-core asset and will allow it to be one step closer to completing its coal exit strategy – the remainder of PSEG’s coal generating assets have been either sold or scheduled for early retirement.