NRG BUYS EDISON ASSETS WITH 1.7GW OF WIND

NRG To Purchase Edison Mission Energy's Assets For $2.6 Billion

October 21, 2013 (North American Windpower)

“NRG Energy Inc…plans to buy most of bankrupt independent power producer Edison Mission Energy's (EME) assets for more than $2.6 billion…[The portfolio] consists of nearly 8 GW of capacity located throughout the U.S…NRG says EME's 1.7 GW of wind power will nearly quadruple its existing wind generation capacity…[EME and subsidiaries filed for Chapter 11] and EME was deconsolidated from parent company Edison International…In connection with the transaction, NRG says it will assume non-recourse debt of approximately $1.55 billion, of which $273 million is associated with assets designated as non-core assets…NRG expects to close the transaction in the first quarter of 2014…” click here for more

click to enlarge

Tweet