Ceremony marks completion of North Dakota power plant sale
BISMARCK, N.D. (AP) — A Bismarck company that sells wholesale electricity says it has purchased North Dakota’s largest coal-fired power plant from a Minnesota company that had intended to close the facility if no buyer could be found.
Rainbow Energy Center announced last year it had reached an agreement to acquire the Coal Creek Station from Minnesota-based Great River Energy.
The sale was finalized Monday. The acquisition also includes associated transmission lines that run from central North Dakota to Minnesota.
Terms of the deal were not disclosed. Gov. Doug Burgum applauded the deal, saying it has saved hundreds of jobs at the plant and the lignite coal mine that supplies it.