Japan's J-Power to sell stake in US gas power company

TOKYO, Oct 31 (Reuters) - Japan's Electric Power Development (J-Power) (9513.T) said on Thursday it has decided to sell its 50% stake in a U.S. gas-fired power company as part of a reshuffle of its assets portfolio to improve capital efficiency. The Japanese utility will sell the stake, held by U.S. subsidiaries, in Tenaska Frontier Partners which operates an 830 megawatt (MW) gas-fired power station in Texas to investment fund ACR IV Frontier Holdings for $155 million. J-Power expects to book $93 million in investment income upon the transfer, though...