US Power Generating to Merge with Tenaska CapitalSubmitted by aburr on Mon, 2013-09-23 13:18
US Power Generating (USPG) entered into a definitive agreement and plan of merger with Tenaska Capital Management (TCM). Pursuant to the terms of the agreement, USPG will become a wholly-owned indirect subsidiary of TCM. Under the terms of the merger, TCM will purchase USPG, with the final price being determined by a number of business and tax adjustments. Consummation of the merger is subject to customary conditions including approvals of the Federal Energy Regulatory Commission and the New York Public Service Commission.