NRG eyes Edison assets for Yield

NRG Energy chief executive David Crane

NRG Energy chief executive David Crane

NRG Energy says it may sell 1.1GW of wind capacity among generation assets that it seeking to buy from bankrupt developer Edison Mission Energy to subsidiary NRG Yield.

NRG Energy sees that long-term contracted wind capacity as “highly consistent with the NRG Yield asset profile, in quality, counter-party credit and average contract duration”, chief financial officer Kirk Andrews told analysts on a conference call this week.

Edison Mission owns 30 wind projects in 11 states totaling about 1.73GW, ranking eighth on 1 January in market share in the US, according to the American Wind Energy Association. 

Andrews did not say which wind farms comprise the assets that could “drop-down” to NRG Yield.

NRG Energy executives say the $2.635bn Edison Mission transaction Log in to read complete article.

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