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    Home»Deals»NRG Sells 4,850 MW of Natural Gas, Oil Generation, Eyes Root Cause of Texas Freeze
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    NRG Sells 4,850 MW of Natural Gas, Oil Generation, Eyes Root Cause of Texas Freeze

    March 7, 20211 Min Read
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    Princeton, NJ-based NRG Energy Inc. said it has sold 4,850 MW of natural gas and oil power plant generation in the Northeast and California for $760 million.

    The sale was revealed during a 4Q2020 earnings conference call in which CEO Mauricio Gutierrez also called for a systemwide root cause analysis of the electric and natural gas response to the February freeze in Texas.

    Gutierrez said the power plant sale is with Generation Bridge, a unit of  private equity firm ArcLight Capital Partners, involving eight plants spread over New York, Connecticut and California. One New York and two California plants are natural gas-fired, totaling 1,704 MW; the oil assets, including four in Connecticut, total 3,145 MW.

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    Source: Natural Gas Intelligence

    By Rich Nemec

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