NRG Energy Acquires 1,081 MW of Generation Capacity.(from Delmarva Power and Light)(Brief Article)

Worldwide Energy, August, 2001

NRG Energy, Inc. (NYSE:NRG), Minneapolis, has acquired 1,081 megawatts (MW) of baseload electric generating plants from Delmarva Power and Light, a subsidiary of Wilmington, Del. based Conectiv (NYSE:CIV). As part of the agreement, NRG entered into both short- and long-term purchase power contracts with Delmarva Power to provide energy and capacity for the Delmarva Peninsula.

"We are pleased to have a strong presence in the PJM market--a vibrant, relatively mature and well-functioning market for electricity," said David H. Peterson, chairman, president and CEO of NRG Energy. "This acquisition gives us a strong base from which to expand into a top three generator in this market."

The generating facilities, acquired recently, include those owned by...

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