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.