Charah Solutions Completes Acquisition of TMPA’s Gibbons Creek Steam Electric Station and Reservoir for Remediation and Redevelopment of Property
Charah Solutions, Inc. (CHRA)
Last charah solutions, inc. earnings: 3/26 06:25 am
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Source: Accesswire
Will Provide Turnkey Environmental Risk Transfer Services to Demolish Existing Power Plant, Remediate Existing Ash Ponds and Landfills and Redevelop PropertyLOUISVILLE, KY / ACCESSWIRE / February 11, 2021 / Charah® Solutions, Inc. (NYSE:CHRA) (the "Company"), a leading provider of environmental services and byproduct sales to the power generation industry, today announced that it has completed its acquisition of the Texas Municipal Power Agency's (TMPA) Gibbons Creek Steam Electric Station and Reservoir in Grimes County, Texas ("Gibbons Creek") and will begin remediation and redevelopment of the property. TMPA, which was created to supply electricity on a wholesale basis to its member cities of Bryan, Denton, Garland and Greenville, operated Gibbons Creek from its construction in 1982 until 2018. The transaction was approved by the TMPA board and four member cities in a series of board meetings and city council meetings held throughout January.As part of this agreement, Charah Solutio
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