Italy's Enel Buys Five U.S. Power Plants

Italy's Enel Buys Five U.S. Power Plants

Jul 02 - Associated Press

ROME - Italy's biggest power company Enel Spa said Friday that its U.S. division has bought five hydroelectric power plants in Idaho and California. Financial terms were not disclosed.

The deal was part of efforts by Enel to become a leader in the North American renewable energy market. The company now owns 18 hydroelectric plants on the continent.

The five power plants bought by Enel North America have the capacity to produce 27 megawatts of power, bringing to 425 megawatts Enel's total production capacity in North America, the company said.

The hydro plants were bought from five different U.S. power companies.

Three were in Idaho: Hazelton A, Bypass and Elk Creek. The ones in California were Rock Creek and Montgomery Creek.

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