NextEra completes sale of 583 MW natural gas-fired power plant to Entergy

Source: NextEra Energy Resources, LLC 

Natural gas-fired Rhode Island State Energy Center (RISEC), located in Johnston, R.I., NextEra Energy Resources, LLC, the competitive energy subsidiary of NextEra Energy, Inc. (NYSE: NEE), announced that its subsidiaries have completed the sale of their ownership interest in the approximately 583-megawatt natural gas-fired Rhode Island State Energy Center (RISEC), located in Johnston, R.I. , to subsidiaries of Entergy Corporation for approximately $346 million , subject to customary closing adjustments. 

RISEC recently completed work with Siemens to uprate its combustion turbines, increasing the facility's nominal capacity to approximately 583 megawatts from 550 megawatts. A NextEra Energy Resources affiliate will operate RISEC for an initial period of one year under a service contract. 

NextEra Energy Resources continues to own and operate a diverse mix of clean generating assets in 22 states and Canada , with a combined capacity of more than 16,520 megawatts. 

For the most up to date and in-depth information on the Gas Generation market visit PennEnergy's comprehensive Research area to access industry focused Reports.


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