NRG Completes Sale of its Interest in South Texas Project
NRG Energy, Inc. (NYSE: NRG) announced today its subsidiaries Texas Genco LP LLC and Texas Genco GP LLC have completed the sale of NRG South Texas LP, which owns a 44% interest in the South Texas Project Electric Generating Station (STP), to Constellation for $1.75 billion.
- NRG Energy, Inc. (NYSE: NRG) announced today its subsidiaries Texas Genco LP LLC and Texas Genco GP LLC have completed the sale of NRG South Texas LP, which owns a 44% interest in the South Texas Project Electric Generating Station (STP), to Constellation for $1.75 billion.
- STP is a 2,645 MW nuclear facility located about 90 miles southwest of Houston in Bay City, Texas.
- The sale received final regulatory approval from the Nuclear Regulatory Commission on October 30, 2023.
- “Completion of the sale is an important step in creating shareholder value through optimizing our diversified power supply portfolio,” said Mauricio Gutierrez, NRG President and Chief Executive Officer.