Power plant trades for $244M in GregoryPower plant trades for $244M in Gregoryhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=77452013-04-09T09:02:00Z2013-04-09T00:00:00Z

GREGORY - NRG Energy Inc. reached a deal to buy the Gregory cogeneration plant for about $244 million from a group of affiliates of Atlantic Power Corp., John Hancock Life Insurance Co. (USA) and Rockland Capital LLC.

The Princeton, N.J.-based power company said the plant is equivalent to an about 560 megawatt combined-cycle gas turbine plant with generation capacity of about 400 nominal megawatts and steam capacity of more than a million pounds per hour.

The deal, which remains subject to regulatory approvals, is expected to close in third quarter.

Corpus Christi Caller-Times
Corpus Christi
Infrastructure & Transportation
http://www.caller.com/news/2013/apr/08/nrg-acquires-texas-power-plant-for-244-million/Read more at {Source}

 Search NewsTalk Texas