ATLANTA Southern Energy Inc., a unit of Southern Company, has completed the sale of its interest in Hidroeléctrica Alicurá, a 1,000-megawatt hydroelectric plant in Argentina, to AES Corp. for $205 million. The selling price releases Southern Energy from its debt obligations and allows it to buy out minority partners.
Southern Energy Inc. with operations in 13 countries on five continents develops, builds, owns and operates power production and delivery facilities and provides a broad range of services to utilities and industrial companies around the world. Its Southern Company Energy Marketing unit provides energy trading, marketing and financial services and other energy-related commodities, products and services to customers in North America.
Southern Company (NYSE: SO), the largest producer of electricity in the United States, is also the parent firm of Alabama Power, Georgia Power, Gulf Power, Mississippi Power and Savannah Electric.
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