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December 5, 2013
11:02 EDTVE, NRGVeolia, I Squared to acquire Kendall Cogeneration Station from NRG Energy
Veolia Energy North America (VE) and I Squared Capital entered into an agreement with NRG North America, an affiliate of NRG Energy (NRG), to purchase its 256-megawatt Kendall Station, located in Cambridge, Mass. The Kendall Cogeneration Station uses natural gas as a primary fuel source to produce electrical and steam energy. A planned reconfiguration of the facility, including completion of Veolia’s additional 7,000-foot steam pipeline extension, will deliver energy to Veolia’s customers in Boston and Cambridge. Terms of the agreement were not disclosed. Veolia will provide operations and management services as part of the acquisition, which is expected to close this year pending regulatory approval by the Federal Energy Regulatory Commission.
News For VE;NRG From The Last 14 Days
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April 22, 2014
10:24 EDTNRGHigh option volume stocks: NRG JNS MDSO ASHR EEP SBAC
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April 16, 2014
08:55 EDTVEVeolia Environment upgraded to Neutral from Underperform at Exane BNP Paribas

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