NU Online News Service, Aug. 11, 3:40 p.m.EDT

The American International Group's AIG Financial Products Corp.said it has completed the sale of its energy and infrastructureinvestment assets for aggregate net proceeds in excess of $1.9billion.

AIGFP was the unit of AIG whose losses required the company toreach out for billions in government loans and credit.

Gerry Pasciucco, AIGFP chief operating officer, said, "Thecompletion of the sales effort for this portfolio is a significantmilestone in the ongoing process of winding down AIGFP's business.The aggregate net proceeds realized for AIG represents very strongexecution in challenging market conditions."

The announcement of the latest transaction noted that the AIGFPdisposition effort, which began during the fall of 2008, concludedwith AIGFP's sale of its lease equity interest in the BruceMansfield power generation plant operated by FirstEnergy Corp.

Sale of the power plant follows recent closings of three othersales: a tax equity interest in the Stanton wind farm in west Texasand two lease equity interests in portfolios of rail cars operatedby BNSF Railway Company.

AIGFP has previously announced certain other asset sales fromthe portfolio, including its interest in Tenaska MarketingVentures, its interest in two volumetric production paymenttransactions and its stake in three operating Spanish solarphotovoltaic power plants.

"These recent asset sales provide a positive conclusion to avery successful disposition program for AIGFP's energy andinfrastructure portfolio," Mr. Pasciucco said.