NRG Energy (NYSE:NRG) announced today it is acquiring assets of Dynergy (NYSE:DYN) for $1.36 billion, and assets of Kelson Limited Partnership for $525 million.
An agreement has been signed an agreement to acquire 3,884 megawatts of Dynegy Inc. assets in California and Maine for $1.36 billion, or $351 a kilowatt.
For the Kelson deal, they're acquiring the Cottonwood Generating Station, which is a 1,279 MW plant run buy natural gas in the Entergy zone of east Texas. The cost per kilowatt in this deal is $410.
The deal will be funded by cash and other unidentified sources.
"We’ve sought for many years to fill the gap in our combined cycle gas portfolio in our core markets," said David Crane, President and CEO of NRG Energy in a press release. "With these acquisitions of ideally located assets, we are filling that gap in three of our four core regions while furthering our long-standing strategy of being a regionally focused, multi-fuel scale generator with the ability to dispatch our assets efficiently across the merit order in each of our core markets."
Both deals are expected to close by the end of 2010.
1 comment:
Wow I really appreciate to your deal for NRG and I would say Its very nice to you will use 1,279 MW plant run buy natural gas in the Energy zone of east Texas, I am really very glad to knew about that.
Buy NRG
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