UPDATE: PPL Montana Announces Deal to Sell Hydroelectric Plants to Northwestern for $900M
September 26, 2013 at 16:47 PM EDT
PPL Corporation (NYSE: PPL ) announced Thursday (9/26) that its PPL Montana, LLC subsidiary has reached an agreement to sell its hydroelectric facilities to NorthWestern Energy for $900 million in cash, subject to certain adjustments. The agreement includes PPL Montana's 11 hydroelectric power plants, which have a combined generating