NEW YORK, Aug 27 (Reuters) - Reliant Energy Inc. (RRI.N: Quote, Profile, Research) on Friday said its lenders plan to foreclose on a Pennsylvania power plant, resulting in a $75 million book value write-off for the power company.

The foreclosure, which is expected to result in a transfer of the plant's ownership to the lenders, could happen as soon as next month, according to a company spokeswoman.

The 530-megawatt, natural gas-fired Liberty power plant has been in technical default under its $262 million project financing agreement for more than a year because it had committed its output to a PG&E Corp. (PCG.N: Quote, Profile, Research) subsidiary, PG&E National Energy Group, that subsequently filed for bankruptcy.

Houston-based Reliant has said it would not invest any more capital in the project and that it was in talks to either foreclose on the plant or transfer ownership to the lenders.

Shares of Reliant were off 3 cents to $9.69 in early New York Stock Exchange trade.

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