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21 December 2006 -- A subsidiary of Tenaska Power Fund, L.P. and an affiliate of Warburg Pincus LLC have jointly signed an agreement to acquire three natural gas-fired electric generating stations from Dominion of Richmond, Virginia, US.

The three plants include the 625-MW Armstrong plant in Armstrong County, Pa.; the 313-MW Pleasants plant in Pleasants County, W.Va.; and the 600-MW Troy plant in Wood County, Ohio. The Pleasants and Armstrong plants are positioned to deliver power to the PJM energy grid; the Troy plant serves the Midwest ISO energy grid.

The terms of the transaction were not disclosed. The sale is subject to regulatory approvals and is expected to close in the first quarter of 2007. Dominion said sales proceeds will be used to reduce debt.

Dominion has not reached a decision on the possible sale of a fourth facility in its merchant fleet, State Line, a 515-megawatt coal-fired facility in Hammond, Ind.

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