NRG Energy buys Edison Mission Energy for $2.6 billion

Sponsored by

NRG Energy acquired all of the assets of Edison Mission Energy as part of the approval from a U.S. bankruptcy court.

EME was sold under a settlement agreement reached Feb. 18 between EME, Edison International and certain EME creditors. EME’s portfolio of renewable power and conventional power generation assets brings NRG’s total generating capacity to 53,600 MW.

NRG agreed in October 2013 to buy EME for $2.64 billion, including 1,700 MW of wind; 1,600 MW of gas-fired capacity; 4,300 MW of coal-fired capacity and 400 MW of oil and waste coal-fired capacity. NRG also bought Edison Mission Marketing and Trading.

EME filed for Chapter 11 bankruptcy in December 2012 and agreed to a reorganization plan with parent company Edison International and holders of its $3.7 billion debt.

Sponsored by

Most Popular Articles


CURRENT MAGAZINE ISSUE

April 2014
Volume 18, Issue 4
file

Utility Products Topics

Transmission & Distribution
                       Vehicles & Accessories
Tools & Supplies   Safety
Line Construction & Maintenance   Test & Measurement

WEBCASTS

There is no current content available.

UTILITY PRODUCTS BUYERS' GUIDE

POWER INDUSTRY JOBS

Industry Company Pages

Keep up-to-date with the latest news and articles from some of the prominent utility product companies and resources.

BUYER'S GUIDE PRODUCTS

Meter Socket Jumpers - Perfect for Submetering Applications

AEP’s Meter Socket Jumper offers a safe and easy means of bypassing a meter socket. The Socket Jumper can be used with either Ringless or Ring style Meters.

Meter Socket Converter

AE Product’s Meter Socket Converter (CNV) converts various Meter Forms to fit the desired application. 14S, 15S or 16S Socket to accept 2S Meter. Optional features available.

Service Disconnect Adapter with Electronic Meter Energizing

AEP’s Service Disconnect Adapter disconnects customer load but maintains power to the electronic meter. The meter maintains reading and communications links for AMR/AMI operations while only disabling the load side.