Dive Summary:
- NRG Energy announced Tuesday it will shut its 352-megawatt Norwalk Harbor power facility in Connecticut due to unfavorable market conditions making the plant a liability.
- Low capacity prices in the New England wholesale power market and the sustained low price of natural gas led to the company's decision to take the units out of service, an NRG spokesman said in a statement.
- NRG will close the power station June 1.
From the article:
"'We don't take this action lightly, but market conditions in southwest Connecticut and in New England generally made this decision necessary, said David Gaier, NRG East Region spokesman.
