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Contracts Signed in Southern California Edison Solicitation Further Enable NRG Energy to Help Transform California’s Energy Future
SCE contracts and previously announced
-
Repower the company’s Mandalay facility inOxnard with 262 megawatts (MW) of newer, more flexible and efficient natural gas generation under a 20-year PPA with SCE -
Install 178 MW of “Preferred Resources” that include both demand
response and energy efficiency products to be deployed under long-term
contracts at sites across
Southern California - Develop a two megawatt-hour battery storage system
“This is a tremendous opportunity to advance the forward-thinking
efforts of the
The repowering of Mandalay is designed to ensure continued reliability and to help integrate renewables into the grid and will also involve the removal the two large steam units at the site, enhancing the coastal viewshed. The repowered Mandalay units are expected to come online in 2020.
The Mandalay repowering project complements NRG’s 600 MW Carlsbad Energy
Center, in which NRG will remove the five steam units at its existing
site in
Ongoing Commitment to
These contracts follow a string of successful projects that have helped
bring more renewable power to
NRG has transformed Levi’s Stadium in
“This is an important opportunity to help realize the aggressive environmental goals of California,” added Chillemi. “We look forward to working with the many stakeholders across the state to make this transformation a reality.”
About NRG
NRG is leading a customer-driven change in the U.S. energy industry by delivering cleaner and smarter energy choices, while building on the strength of the nation’s largest and most diverse competitive power portfolio. A Fortune 250 company, we create value through reliable and efficient conventional generation while driving innovation in solar and renewable power, electric vehicle ecosystems, carbon capture technology and customer-centric energy solutions. Our retail electricity providers serve nearly 3 million residential and commercial customers throughout the country. More information is available at www.nrg.com. Connect with NRG Energy on Facebook and follow us on Twitter @nrgenergy.
NRG Safe Harbor Disclosure
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 include
NRG’s expectations regarding the Mandalay repowering and “preferred
resources.” Forward-looking statements 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. Factors that could cause actual
results to differ materially from those contemplated above include,
among others, general economic conditions, hazards customary in the
power industry, 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, changes in government
regulation of markets and of environmental emissions, and our ability to
achieve the expected benefits and timing of our renewable projects. 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 be
considered in connection with information regarding risks and
uncertainties that may affect NRG’s future results included in NRG’s
filings with the
Source:
For NRG Energy
Media:
Karen Cleeve, 609-524-4608
or
David
Knox, 713-537-2130
or
Investors:
Chad Plotkin,
609-524-4526