Princeton, NJ, April 3, 2006 — NRG Energy Inc. has acquired the remaining 50% ownership interest in West Coast Power LLC (WCP) and has also completed the sale of its 50 percent ownership interest in Rocky Road Power LLC, in East Dundee, IL, to Dynegy Inc.
NRG paid Dynegy $205 million for its interest in WCP and received $45 million from Dynegy for their interest in Rocky Road. The acquisition brings NRG’s net generating capacity in southern California to 1,808 megawatts.
“We are pleased to be increasing our investment in California as the state has made progress with regard to capacity markets and long-term contracting options,” said David Crane, NRG president and CEO. “As we’ve said, we will continue to pursue market development that supports the continued operations of existing plants that Californians need and investment in the next generation of energy infrastructure.”
Generating facilities in southern California now wholly owned by NRG include El Segundo, Cabrillo I (Encina), Cabrillo II (13 combustion turbines in the San Diego area) and the retired Long Beach station.