EP ENERGY COMPLETES THE ACQUISITION OF THE HELMSTEDT MINING DISTRICT INCLUDING THE BUSCHHAUS POWER PLANT

2.1.2014

E.ON and EP Energy  (through its MIBRAG subsidiary)  have completed the transaction for the sale of the Helmstedt mining district to EP Energy.

The brown coal-fired Buschhaus power plant has an installed capacity of approximately 390 MW and was put into operation in 1985. According to E.ON’s current plans, the operation of the Buschhaus power plant should be discontinued at the point of time of depletion of coal reserves in the adjacent Schöningen mine as early as 2017. However, EP Energy will continue to operate the power plant supplying it with brown coal from its own mines.