Efforts to make generation competitive have induced several electric utilities to sell their power plants. Some sales are voluntary. Some are forced by rules mandating functional segregation from...
some individual units have sold for less than book value, that has not occurred for any single group of stations. For example, Pacific Gas & Electric sold its Morro Bay, Moss Landing and Oakland stations as a group at more than their combined book value, but Morro Bay and Oakland units were each priced at less than their individual book values.
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