NRG Energy, Inc. NRG, has closed on the acquisition of the
Gregory cogeneration plant in Corpus Christi, Texas. The cogeneration
plant is equivalent to an approximately 560 megawatt (MW) Combined Cycle
Gas Turbine plant with generation capacity of approximately 400 nominal
MW and steam capacity of more than a million pounds per hour (160 MW of
electricity equivalent). NRG is paying approximately $244 million in
cash for the plant, exclusive of adjustments relating to working capital.
Counting both electrical generation and steam production, this cost
equates to approximately $436 per kilowatt.
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