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MidAmerican Energy Holdings Company Completes Minority Acquisition of NRG’s Agua Caliente Solar Project
“Partnering with a company with the capabilities of MidAmerican
increases the certainty that, working together, we will bring to
successful fruition one of the world’s largest solar PV projects,” said
“MidAmerican is excited to close on our first solar investment and is
emerging as an industry leader in owning solar energy generation,” said
While the entire 290-megawatt solar photovoltaic (PV) project, located
in
About NRG
NRG is at the forefront of changing how people think about and use
energy. A Fortune 500 company, NRG is a pioneer in developing cleaner
and smarter energy choices for our customers: whether as one of the
largest solar power developers in the country, or by building the first
privately funded electric vehicle charging infrastructure or by giving
customers the latest smart energy solutions to better manage their
energy use. Our diverse power generating facilities can support more
than 20 million homes and our retail electricity providers – Reliant,
Safe Harbor
Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward looking statements above include the expected benefits and timing of the Agua Caliente solar project. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct. Factors that could cause NRG’s actual results to differ materially from those contemplated in the forward-looking statements above include, among others, general economic conditions, hazards customary in the power industry, weather conditions, competition in wholesale power markets, the volatility of energy and fuel prices, failure of customers to perform under contracts, changes in the wholesale power markets, unanticipated outages at our generation facilities, the inability to access other financing arrangements, the inability to implement value enhancing improvements to plant operations and companywide processes, our ability to create and maintain successful partnering relationships.
NRG undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. The foregoing review of factors that could cause NRG’s actual
results to differ materially from those contemplated in the
forward-looking statements included in this news release should not be
construed as exhaustive. For more information regarding risks and
uncertainties that may affect NRG’s future results, review NRG's filings
with the
About
Source: NRG
NRG:
Media
Meredith Moore, 609-524-4522
Lori
Neuman, 609-524-4525
or
Investors
Chad Plotkin,
609-524-4526
Stefan Kimball, 609-524-4527
or
MidAmerican:
MidAmerican
Ann
Thelen, 515-281-2785