NRG Energy is promoting four.eight GW of fossil-fueled energy plant property to a non-public fairness agency.
The $760 million deal contains the Middletown, Hartford and Milford vegetation in Connecticut. The purchaser is Generation Bridge, an affiliate of ArcLight Capital Partners.
The Generation Bridge sale will even embody operations in NRG’s west area, in California. The complete fossil producing capability below the deal is near four,850 MW, based on the corporate’s current earnings report.
“As a part of the transaction, NRG is getting into right into a tolling settlement for its 866 MW Arthur Kill plant in New York City by way of April 2025,” the earnings assertion reads. The transaction is predicted to shut by the fourth quarter, pending state and federal regulatory approvals.
The NRG Connecticut energy vegetation being offered complete some 1,548 MW of gas-fired, oil and jet fuel-fired era, based on studies. Middletown has been the topic of debate and resistance as NRG deliberate to transform the ability’s unique gas-fired generators with a single, extra environment friendly turbine.
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