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NRG Energy, Inc. Completes the Sale of Red Bluff and Chowchilla II Power Plants
PRINCETON, N.J.--(BUSINESS WIRE)--Jan. 3, 2007--NRG Energy, Inc. (NYSE:NRG) completed the sale of the Red Bluff and Chowchilla II power plants to an entity controlled by Wayzata Investment Partners LLC for an undisclosed sum.
Both of these northern California-based facilities are natural gas-fueled, with a generating capacity of 45 megawatts (MW) and 49 MW, respectively. NRG continues to maintain a presence in southern California, focusing its resources in this region on redeveloping its coastal plants, including its El Segundo, Encina and Long Beach plants.
About NRG Energy
NRG Energy, Inc. owns and operates a diverse portfolio of power-generating facilities, primarily in Texas and the Northeast, South Central and West regions of the United States. Its operations include baseload, intermediate, peaking, and cogeneration facilities and thermal energy production. NRG also has ownership interests in generating facilities in Australia, Germany and Brazil.
About Wayzata Investment Partners LLC
Wayzata Investment Partners is a fund manager specializing in long-term investment funds. More information on Wayzata Investment Partners is available at www.wayzatainvestmentpartners.com.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions and typically can be identified by the use of words such as "will," "expect," "believe," and similar terms. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially.
NRG undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 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 be considered in connection with information regarding risks and uncertainties that may affect NRG's future results included in NRG's filings with the Securities and Exchange Commission at www.sec.gov.
More information on NRG is available at www.nrgenergy.com
CONTACT: NRG Energy, Inc. Media Relations: Meredith Moore, 609-524-4522 or Lori Neuman, 609-524-4525 or Investor Relations: Nahla Azmy, 609-524-4526 or Kevin Kelly, 609-524-4527 or Jonathan Baylor, 609-524-4528 or Wayzata-Related Inquiries Contact: Alicia Oldenhof, 952-345-0701 SOURCE: NRG Energy, Inc.