NRG Energy sells five power plants totaling 785 MW to NRG Yield Inc. for $1.2 billion
Clients NRG Energy, Inc.
Jones Day represented NRG Energy, Inc. in the sale of five power plants totaling 785 MW to NRG Yield Inc. for $1.2 billion, including cash and assumed liabilities. Under the transaction, NRG Energy sold the Walnut Creek - 500 MW natural gas facility located in City of Industry, CA, Tapestry - three wind facilities totaling 204 MW; including Buffalo Bear 19 MW in Oklahoma, Taloga 130 MW in Oklahoma, and Pinnacle 55 MW in West Virginia and Laredo Ridge - 81 MW wind facility located in Petersburg, NE. NRG Energy raised a total of $830 million via dropdowns in 2014.