POWER Magazine•about 1 month ago
FERC Approves NRG Energy Plan to Buy 12.9 GW of Gas-Fired Generation
Key Takeaway
This major acquisition by NRG consolidates a substantial amount of gas-fired capacity in PJM, signaling potential shifts in market power and capacity pricing for developers and large consumers.
AI Summary
- •FERC has approved NRG Energy's $12 billion acquisition of 12.9 GW of gas-fired generation from LS Power, primarily located within the PJM market.
- •This transaction represents a significant consolidation of conventional generation assets under a single entity in PJM, potentially influencing future capacity market dynamics and power prices.
- •The regulatory approval signals continued support for large-scale mergers and acquisitions involving existing generation assets, impacting the competitive landscape for independent power producers (IPPs) and developers.
Topics
capacity-marketccgtfercm&apjm
Article Content
The Federal Energy Regulatory Commission (FERC) has signed off on NRG Energy’s plan to acquire nearly 13 GW of natural gas-fired power generation. The agency on November 13 said it supports Houston, Texas-based NRG’s $12-billion deal with New York-based LS Power for capacity in the PJM market territory. The post FERC Approves NRG Energy Plan to Buy 12.9 GW of Gas-Fired Generation appeared first on POWER Magazine .