NRG Energy Acquires Power Stations in Bridgeport and New Haven

BRIDGEPORT, CT-Two power generation facilities in Bridgeport and New Haven are to be acquired by NRG Energy Inc. for $325 million. The Minneapolis-based energy company announced that it had signed an asset purchase agreement to acquire them from Wisconsin Energy Corp.

The sales price is contingent on normal purchase price adjustments, according to NRG officials. The acquisition of the two facilities is expected to close during the first six months of 2001.

The Bridgeport plant is a coal-fired 590 megawatt (MW) facility on 98.1 acres. The New Haven Harbor plant is an oil and gas-fired plant located on 71 acres.