TransCanada Trying to Flip Power Plant
Six weeks ago, TransCanada Corp. closed a deal to buy a power plant in Pennsylvania. On Thursday, the company put it back up for sale. The 704-megawatt Ironwood natural gas-fired power complex that TransCanada bought for $657 million from Talen Energy Corp. is back on the block as the company looks for ways to finance another acquisition worth 15 times more, the company said Thursday. In fact, the company’s putting a whole set of U.S....
