This is a little dated but I didnt remember seeing anyone discussing it.

Power Engineering - Redbud gas fired power plant sells for $852m

Redbud gas fired power plant sells for $852m
21 January 2008 - Kelson Holdings, a Maryland holding company, agreed to sell the 1230 MW Redbud natural gas-fired power plant in Oklahoma for $852m, or $692/kW.

Oklahoma Gas & Electric will acquire a 51 per cent interest in the Redbud facility, Grand River Dam Authory 36 per cent and Oklahoma Municipal Power Authority 13 percent. OG&E would operate the plant, which has four, 300 MW-plus generating units.


The purchase fills the need that was to have been met by construction of the coal-fired Red Rock plant, which was cancelled late last year. OG&E described Redbud as a new, efficient combined-cycle, gas fired plant connected to the OG&E transmission system near the Oklahoma City area.

The company said the purchase price was below the cost of constructing a new, gas-fired facility.

Kelson Holdings currently owns or leases four combined-cycle gas-fired facilities located in SPP and SERC having an aggregate total generating capacity of 4002 MW. Kelson Holdings is indirectly and wholly owned by Harbinger Capital Partners