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Stock Market & Financial Investment News

News Breaks
November 20, 2012
18:38 EDTNRGNRG Energy unit to continue reducing emissions at Big Cajun II Station
Louisiana Generating, a wholly owned subsidiary of NRG Energy (NRG), will continue emissions reductions at the Big Cajun II Electrical Generating Station while providing affordable power to cooperative customers in Louisiana. After buying Big Cajun II, Louisiana Generating upgraded the burners and fuel that reduced nitrogen oxide (NOx) and sulfur dioxide (SO2) emissions by a third. These additional changes and upgrades announced today will further that progress. Work will be done during regularly scheduled outages and completed by April 2015. To meet EPA's Mercury Air Toxics Standards requirements, Louisiana Generating will convert one of the three units at the plant from coal to natural gas, eliminating virtually all mercury and particulate matter from the unit's emissions. Louisiana Generating will also install activated carbon injection on another unit and upgrade the electrostatic precipitators. MATS goes into effect in April of 2015.
News For NRG From The Last 14 Days
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June 23, 2015
08:04 EDTNRGNRG Renew to develop 20MW solar energy facility for Cisco
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June 19, 2015
06:49 EDTNRGNRG Energy shares recommended at Credit Suisse
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June 18, 2015
08:05 EDTNRGNRG Yield to acquire GE EFS' 25% interest in Desert Sunlight Solar Farm
NRG Yield, Inc. (NYLD), through its subsidiary NRG Yield Operating LLC, has entered into an agreement with GE Unit (GE) GE Energy Financial Services to acquire its 25% interest in the Desert Sunlight Solar Farm in Riverside, CA for $285M subject to customary working capital adjustments, plus the assumption of $287.4M of non-recourse project level debt. The acquisition, which provides NRG Yield with a total ownership of 137.5 megawatts of operating solar capacity, will place NRG Yield into a partnership with subsidiaries of NextEra Energy (NEE) and Sumitomo Financial (SMFG), who are the 50% and 25% owners of Desert Sunlight, respectively. The transaction is expected to increase both the annual run-rate EBITDA by approximately $45M and cash available for distribution by approximately $22M by 2016. NRG Yield expects to close the transaction by June 30, 2015. The transaction is subject to customary closing conditions, including approvals by the Federal Energy Regulatory Commission and notice of the acquisition to the California Public Utilities Commission. With this acquisition, NRG Yield now owns nearly 600 megawatts of solar generation. NRG Yield is supported by its parent, NRG Energy (NRG), which owns and operates approximately 1.2 gigawatts of solar generation, thus implying a combined solar portfolio of 1.8 gigawatts.

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