BP to buy NiSource plant

April 24, 2008
BP Alternative Energy plans to buy NiSource Inc.'s Clean Energy plant in Whiting for $210 million.

The Whiting facility uses heat generated by its power station to make electricity sold on the open market. Steam generated by the station is sold to a BP refinery, also in Whiting.

No job cuts will result from the deal, which is expected to close within three months, according to The Post-Tribune of Merrillville. The acquisition is pending approval from the Federal Energy Regulatory Commission and the Securities and Exchange Commission.
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