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BUSINESS BRIEFS.(TO THE POINT)
ENERGY
NRG acquires Texas power plant
As part of a consolidation trend in the industry, NRG Energy, which runs power plants across the U.S., will pay $5.8 bil for privately held Texas Genco -- $4 bil in cash and $1.8 bil in stock. NRG also will assume $2.5 bil in debt. Texas Genco is part of the Electric Reliability Council of Texas, a consortium ...
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- Press release article from: PR Newswire April 24, 2003 700+ words
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