Consolidated Edison Co. of New York said NRG Energy Inc. andKeySpan Energy are the winning bidders for two of its electricgenerating plants and 36 gas turbines.
NRG was the winning bidder for the Arthur Kill bundle, whichconsists of the 842-megawatt Arthur Kill Generating Station onStaten Island and the 614-megawatt Astoria Gas Turbines in Queens.The price to be paid is $505 million.
KeySpan was the winning bidder for the Ravenswood bundle, whichconsists of the 1,753-megawatt Ravenswood Generating Station andthe 415-megawatt Ravenswood Gas Turbines, both in Long Island City,Queens. The price to be paid on this bundle is $597 million.
Con Edison is divesting electric generating capacity located inNew York City as part of the restructuring of the electric utilityindustry. Generating facilities have been divided into threebundles, each of which is to be purchased by a different company.Bids for the third bundle, which consists of the 1,090-megawattAstoria Generating Station and the 765-megawatt Gowanus and NarrowsGas Turbines, are due in late February.
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