The Minneapolis-based merchant power subsidiary of Xcel Energy filed its long anticipated voluntary petition for reorganization in the U.S. Bankruptcy Court for the Southern District of New York. Several affiliates, including NRG Power Marketing and NRG Northeast Generating LLC, also filed for protection, but parent company Xcel was not pulled under.
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NRG To Purchase 2,255 MW Project Portfolio
Minneapolis-based NRG Energy Inc. is buying a 2,255 MW project portfolio from Indeck Energy Services Inc., which includes combined-cycle and peaking power plants serving the Chicago and upstate New York marketplace. The assets include the Rockford I and II Energy Centers, located 75 miles west of Chicago in Rockford, IL; Bourbonnais I and II Energy Centers, 50 miles south of Chicago; and the Ilion Energy Center in central upstate New York. No financial details were disclosed.
July 16, 2001
NRG To Purchase 2,255 MW Project Portfolio
Minneapolis-based NRG Energy Inc. is buying a 2,255 MW project portfolio from Indeck Energy Services Inc., which includes combined-cycle and peaking power plants serving the Chicago and upstate New York marketplace. The assets include the Rockford I and II Energy Centers, located 75 miles west of Chicago in Rockford, IL; Bourbonnais I and II Energy Centers, 50 miles south of Chicago; and the Ilion Energy Center in central upstate New York. No financial details were disclosed.
July 11, 2001
NRG Energy IPO to Fund Projects
NRG Energy Inc., which has evidenced some pretty big capitalplans of late, is going public. The Minneapolis-based subsidiary ofNorthern States Power filed for an offering of 18% of its commonstock. The maximum aggregate price of the offer is $600 million.All proceeds will remain with NRG Energy.
April 24, 2000
NRG Energy Making Initial Public Offering
NRG Energy Inc., a Minneapolis-based wholly owned subsidiary ofNorthern States Power Co., is going public and filed for anoffering of 18% of its common stock. The maximum aggregate offeringprice of the offer is $600 million. All proceeds will remain withNRG Energy.
April 20, 2000
NRG Energy Picks Up Louisiana Generating
Southern Energy Inc., a unit of Southern Co. is selling its 50%interest in Louisiana Generating LLC to NRG Energy Inc. LouisianaGenerating, which will now be held 100% by Minneapolis-based NRG,was recently confirmed by U.S. Bankruptcy Judge Gerald H. Schiff asthe winning bidder for bankrupt Cajun Electric Power Cooperative’s1,708 MW of fossil-fueled generation. Louisiana Generating offered$1.026 billion for the Cajun assets.
September 13, 1999
Calpine’s Buying Binge Engulfs CGCA
Acquisitive Calpine Corp. stuck to its strategy last Friday,saying it agreed to buy 80% of the Minneapolis, MN-basedCogeneration Corp. of America (CGCA) for $145 million. The proposedacquisition will increase Calpine’s gas-fired energy production to2,476 net MW of capacity, representing a 20% jump in production.Calpine expects to complete the deal in January.
August 30, 1999
New Century, Northern States Will Be Xcel Energy
Xcel Energy Inc. will be the name of the holding company createdby the merger of Denver-based New Century Energies and NorthernStates Power Co. of Minneapolis.
June 7, 1999
New Century, Northern States Will Be Xcel Energy
Xcel Energy Inc. will be the name of the holding company createdby the merger of Denver-based New Century Energies and NorthernStates Power Co. of Minneapolis.
June 2, 1999
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