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NRG Energy Acquires Corpus Christi, Texas Cogeneration Plant
– Baseload power in one of the fastest growing states in the nation –
– Adds to NRG’s growing cogeneration fleet –
“The configuration of the Gregory plant being both cogeneration and
combined cycle presents us with tremendous cost-effective capability and
flexibility going into a summer where demand is expected to be high and
reserves low,” said
The Gregory cogeneration plant provides steam, processed water and a
small percentage of its electrical generation to the
The plant was acquired from a consortium of affiliates of
About NRG
NRG is at the forefront of changing how people think about and use
energy. We deliver cleaner and smarter energy choices for our customers,
backed by the nation’s largest independent power generation portfolio of
fossil fuel, nuclear, solar and wind facilities. A Fortune 500 company,
NRG is challenging the U.S. energy industry by becoming one of the
largest developers of solar power, building the first comprehensive
electric vehicle ecosystem, and providing customers with the most
advanced smart energy solutions to better manage their energy use. In
addition to 47,000 megawatts of generation capacity, enough to supply
nearly 40 million homes, our retail electricity providers – Reliant,
NRG Safe Harbor Disclosure
This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements are
subject to certain risks, uncertainties and assumptions and include
NRG’s expectations regarding the Gregory cogeneration plant and
forward-looking statements typically can be identified by the use of
words such as “will,” “expect,” “believe,” and similar terms. Although
NRG believes that its expectations are reasonable, it can give no
assurance that these expectations will prove to have been correct, and
actual results may vary materially. Factors that could cause actual
results to differ materially from those contemplated above include,
among others, general economic conditions, hazards customary in the
power industry, competition in wholesale power markets, the volatility
of energy and fuel prices, failure of customers to perform under
contracts, changes in the wholesale power markets, and changes in
government regulation of markets and of environmental emissions,. NRG
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. The foregoing review of factors that could cause NRG’s actual
results to differ materially from those contemplated in the
forward-looking statements included in this news release should be
considered in connection with information regarding risks and
uncertainties that may affect NRG’s future results included in NRG’s
filings with the
Source:
NRG
Media:
Dave Knox, 713-537-2130
or
Dave Gaier,
609-524-4529
or
Investors:
Chad Plotkin, 609-524-4526