In the sixth asset alliance since their 50-50 venture was formed in 1997, NRG Energy Inc. and Dynegy Inc. expanded their generation portfolio in the western United States last week with the purchase of one power plant and buying most of the generating capacity of another plant from Nevada Power Co. for $634 million. Minneapolis-based NRG will be operator and Houston-based Dynegy will serve as power marketer and fuel supplier.
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NRG, Dynegy Gamble on Sierra Pacific Units
In their sixth asset alliance, NRG Energy Inc. and Dynegy Inc.are expanding their co-owned generation portfolio in the westernUnited States by purchasing one power plant and buying most of thegenerating capacity of another plant from Nevada Power Co. for $634million. Minneapolis-based NRG will be operator and Houston-basedDynegy will serve as power marketer and fuel supplier.
November 21, 2000
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