Conectiv sells fossil plants to NRG Energy: Conectiv signed an agreement to sell 1,875 MW of fossil-fired generation and related assets to NRG Energy,

Conectiv sells fossil plants to NRG Energy: Conectiv signed an agreement to sell 1,875 MW of fossil-fired generation and related assets to NRG Energy, subsidiary of Northern States Power Co., for $800 million. The sale is consistent with Conectiv`s goal of exiting baseload and nuclear generation to focus on more growth-oriented areas of energy markets. It continues to own about 2,000 MW of mid-merit and peaking capacity, expecting to phase into service an additional 650 MW of mid-merit generation over the next few years. The term mid-merit describes power plants that can come on line quickly and produce electricity when demand is high, then turn off quickly when demand drops.

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