Dive Summary:
- NRG announced its plans to acquire fellow independent power producer GenOn in July; the acquisition is still pending approval by the Federal Regulatory Commission as well as several state utility commissions.
- If approved, the new company will become the largest independent power producer in the country with 47 GW of capacity across 21 states.
- The combined company will operate in the Texas, California, New York, and Mid-Atlantic system operator regions.
From the article:
In late July 2012, the electric power company NRG announced plans to acquire GenOn, another independent power producer with assets in some shared markets, which would create a new company with 47 gigawatts of capacity in 21 states. The combined company would be the largest independent power producer in the United States, although the acquisition is still pending approval.
Independent power producers are unregulated entities providing electricity into a wholesale electricity market or to another company that provides distribution to the ultimate customers. The recent Duke-Progress merger created the largest customer-facing, regulated electric utility in the nation. Regulated utilities own generation assets and provide electricity to ultimate customers. ...