SUGAR LAND, TX — (Marketwire) — 08/24/11 — Researched by Industrial Info Resources (Sugar Land, Texas) — (NYSE:TVE) (TVA) (Knoxville, Tennessee) is acquiring the Magnolia Power Plant in Ashland, Mississippi, from Kelson Limited Partnership, a wholly owned subsidiary of Kelson Energy Incorporated (Columbia, Maryland). The $436 million sale is expected to be complete by the end of August.
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