NRG Energy Completes Acquisition Of Gregory Cogeneration Plant In Texas

(RTTNews) - NRG Energy Inc. (NRG), Wednesday said it has completed the the acquisition of the Gregory cogeneration plant in Corpus Christi, Texas, for $244 million in cash.

The company said the plant is equivalent to an about 560 megawatt Combined Cycle Gas Turbine plant with generation capacity of around 400 nominal MW and steam capacity of more than a million pounds per hour. Counting both electrical generation and steam production, this cost for the plant equates to about $436 per kilowatt.

The plant provides steam, processed water and a small percentage of its electrical generation to the Corpus Christi Sherwin Alumina plant.