On Jan. 12, the Federal Energy Regulatory Commission approved a December application from Seward Generation LLC, the prospective new owner of a coal-fired, 585-MW power plant in Pennsylvania, for market-based rate authority with an accompanying tariff.
The market-based rate tariff provides for the sale of energy, capacity, and ancillary services at market-based rates.
NRG Energy (NYSE: NRG) announced Dec. 1 that it has agreed to sell the Seward plant to Seward Generation, an affiliate of Robindale Energy Services, with the deal to close in the first quarter of 2016, pending regulatory approvals. Robindale is the long-time supplier of waste coal and other services to the Seward plant.
Seward Generation has entered into a purchase agreement to acquire the Seward Electric Generating Station, a 585 MW (nameplate) (525 MW summer) waste-coal fired facility located in East Wheatfield Township, Indiana County, Pennsylvania, and certain associated assets from NRG Wholesale Generation LP. Seward Generation is a newly-organized entity controlled by two individuals, Judson L. Kroh and D. Scott Kroh. D. Scott Kroh is a longtime veteran of the Pennsylvania coal industry.
Upon consummation of the Seward transaction, Seward Generation said it intends to sell the Seward Station’s power into the wholesale markets operated by PJM Interconnection.