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4 December 2006 -- American Electric Power has completed its sale of the Plaquemine Cogeneration Facility in Plaquemine, La., to The Dow Chemical Company.

In September, AEP announced that it had reached an agreement to sell the plant to Dow for $64 million and other considerations.

The 880-MW Plaquemine Cogeneration Facility has four 170-MW gas-fired combustion turbine generators and a 200-MW steam turbine. It began commercial operations on March 18, 2004. Steam from the cogeneration facility, located inside Dow Chemical's plant near Baton Rouge, La., is supplied to Dow Chemical.

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