Dive Summary:

• In a $244 million deal, the Princeton, N.J.-based NRG Energy Inc. will buy a cogeneration plant in Corpus Christi to expand its Texas territory, the company’s largest customer base.
• The plant is equivalent to a 560 megawatt combined-cycle gas turbine plant with generation capacity of about 400 megawatts, and steam capacity of more than a million pounds per hour.
• NRG bought the plant from a group of affiliates of Atlantic Power Corp., John Hancock Life Insurance Co., and Rockland Capital LLC.

From the article:
“The deal, which remains subject to regulatory approvals, is expected to close in the third quarter.”