Briefly

Power2Switch.com Launches in New State

Power2Switch.com announced that it has expanded its online electricity shopping platform to Ohio. Constellation Energy and Direct Energy are among the suppliers offering Ohio service through the site.

NRG Energy Closes Texas Plant Acquisition

NRG Energy has closed on its previously announced acquisition of the Gregory cogeneration plant in Corpus Christi, Texas. The cogeneration plant is equivalent to an approximately 560 MW combined cycle gas turbine plant with generation capacity of approximately 400 nominal MW and steam capacity of more than a million pounds per hour (160 MW of electricity equivalent). NRG is paying approximately $244 million in cash for the plant, exclusive of adjustments relating to working capital. Counting both electrical generation and steam production, this cost equates to approximately $436 per kilowatt. "This additional capacity in a zone where NRG sees significant growth potential will be exceptionally important to our growing Gulf Coast retail and wholesale operations," said John Ragan, president of NRG's Gulf Coast region.