Edison Unit to Buy 2 British Plants

Rosemead-based Edison International said its rapidly expanding Edison Mission Energy subsidiary has agreed to pay $2.03 billion to London-based PowerGen for two power plants in Britain. The Ferrybridge and Fiddler’s Ferry electricity generating plants each have a generating capacity of about 2,000 megawatts, or enough to light 2 million homes. Edison Mission Energy recently agreed to buy 9,773 megawatts of generating capability in the Midwest, as well as 40% of Contact Energy, a New Zealand electricity company.