FERC okays NRG buy of 77-MW unit at Chalk Point plant in Maryland

The Federal Energy Regulatory Commission on Nov. 20 approved an Aug. 28 application from NRG Chalk Point LLC and NRG Chalk Point CT LLC for approval of a deal in which Chalk Point CT will acquire ownership and control of an approximately 77-MW unit at the Chalk Point Generating Station in Maryland, and certain associated assets, from Southern Maryland Electric Cooperative.

NRG Energy (NYSE: NRG) up to now has been leasing this unit from the cooperative. NRG Chalk Point owns and operates the remaining units at the Chalk Point Generating Station, which have an aggregate capacity of 2,280 MW. Chalk Point Generating Station is located within the 5004/5005 submarket of the PJM Interconnection market.

NRG Chalk Point CT was formed for the purposes of acquiring this unit. NRG Chalk Point CT will be filing an application for authorization to sell energy, capacity, and certain ancillary services and will thus be a public utility under the Federal Power Act prior to consummating this transaction.

NRG Energy, through various wholly and partially owned subsidiaries, owns or controls over 53,000 MW of capacity throughout the United States, including approximately 18,590 MW in the PJM market. Southern Maryland Electric is a cooperative utility that receives financing from the Rural Utilities Service under the Rural Electrification Act.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.