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NRG Energy Seeks OK To Purchase Peaking Units, Relocate to Texas

March 30, 2015

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Copyright 2010-15 EnergyChoiceMatters.com
Reporting by Karen Abbott • kabbott@energychoicematters.com

NRG Energy, Inc. has filed for approval from the Public Utility Commission of Texas of the proposed purchase by NRG to acquire all of the issued and outstanding membership interests in PHR Holdings LLC ("PHR") from BTEC New Albany LL, which currently owns 100% of the membership interests in PHR

PHR owns a peaking facility, comprised of six General Electric natural gas-fired combustion turbine generating units with a combined total Summer Net capacity of 388 MW, which is being transported from Mississippi and reassembled by the seller at the site of a former generation station located in Texas City, Texas and owned by NRG Texas.

NRG said that, following the consummation of the proposed purchase, NRG will own approximately 13.3% of the total generating capacity within the ERCOT region, which NRG said is "significantly below" the twenty percent (20%) threshold that could trigger additional review of the Proposed Purchase under PURA Section 39.154

NRG said that while PHR Holdings does not currently offer electricity for sale in Texas, and therefore PURA Section 39.158 approval would not be required, PHR will likely test the peakers upon their relocation to Texas. Although not currently anticipated by the parties, it is possible that one or more of the peaking units could be put into commercial operation prior to closing. Should test power delivered to the grid be considered, "offering electricity for sale in the state", or in the remote possibility that the PHR Peaking Facility would commence commercial operation prior to closing, then PURA Section 39.158 would apply, and NRG filed the instant application out of an abundance of caution.

Docket 44579

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