Charah solutions completes sale of 80% of real property acreage at former tmpa gibbons creek steam electric station and reservoir

In 10 months since acquisition, environmental risk transfer services leader has successfully executed demolition of power plant and sale of property; remediation of existing ash ponds and landfills underway proven environmental risk transfer services model benefits utility partners, shareholders, local communities and the environment louisville, ky / accesswire / january 18, 2022 / 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 the sale of nearly 80% of the real property acreage that the company acquired through a subsidiary in february 2021 from the texas municipal power agency (tmpa) at the former gibbons creek steam electric station and reservoir in grimes county, tx. a local investor group has purchased and closed on 4,860 acres of the 6,166 acre area, including the 3,500 acre reservoir, dam and spillway with the intent of future residential development.
CHRA Ratings Summary
CHRA Quant Ranking