NRG Energy closed on the acquisition of the Gregory cogeneration plant in Corpus Christi, Texas. NRG paid approximately $244 million in cash for the plant, exclusive of adjustments relating to working capital. The Gregory cogeneration plant provides steam, processed water and a small percentage of its electrical generation to the Corpus Christi Sherwin Alumina plant. The majority of the base-load generation is available for sale in ERCOT. The current operator, DPS Gregory, will continue to operate the plant until a transition to NRG operations is completed.
