NEW YORK (The Deal) -- Exelon (EXC - Get Report), the Chicago, Ill.-based electric utility, has retained Morgan Stanley as its exclusive financial adviser for the sale of its 550 megawatt Quail Run natural gas-fired power plant in Odessa, Tex., according to three people familiar with the matter.
At Morgan Stanley, Scott Beicke, executive director, and Craig Edgar, managing director, are running the process. Calls to Beicke and Edgar were not returned and Exelon declined to comment.
The utility behemoth, with a $51 billion enterprise value, is selling the facility as it is non-core to its portfolio, one industry source said. Exelon is one of the largest competitive U.S. power generators, with approximately 35,000 MW of owned capacity, according to the company's website.
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