NRG Energy Acquires Corpus Christi, TX Cogeneration Plant - NRG Energy (NYSE:NRG)

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NRG Energy, Inc. (NYSE: NRG), has closed on the acquisition of the Gregory cogeneration plant in Corpus Christi, Texas. The cogeneration plant is equivalent to an approximately 560 megawatt (MW) Combined Cycle Gas Turbine plant with generation capacity of approximately 400 nominal MW and steam capacity of more than a million pounds per hour (160 MW of electricity equivalent). NRG is paying approximately $244 million in cash for the plant, exclusive of adjustments relating to working capital. Counting both electrical generation and steam production, this cost equates to approximately $436 per kilowatt.

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