The 705MW power plant is owned and operated by AES Ironwood and AES Prescott.
The project’s cash purchase price is about $85m, which included $3m in working capital, and $217m of net project indebtedness of AES Ironwood.
PPL said the acquisition is not expected to have a material impact on the company’s earnings or financing plans.
Headquartered in Pennsylvania, PPL owns or controls about 19,000MW of generating capacity in the US.
