NRG Energy Completes Acquisitions

Posted by SI Staff on April 02, 2014 No Comments
Categories : FYI

NRG Energy Inc. has completed its acquisition of the assets of Edison Mission Energy (EME) and the competitive retail electricity business of Dominion Resources Inc. for $2.635 billion and $165 million, respectively – excluding transaction adjustments for cash and working capital.

The addition of EME's nearly 8 GW brings NRG's total fleet to more than 53 GW of generating capacity. NRG says the acquisition of Dominion's competitive retail electricity business will add more than 500,000 customer accounts to its retail total by the end of the year. The move will double NRG's northeast retail presence and enhance its position in Texas by adding the Cirro Energy franchise.

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