WSJ: NRG Energy nears $800M-plus deal to buy Alta Wind


NRG Energy (NRG) is nearing a deal to acquire the Alta Wind Energy Center, the largest wind farm in North America, for more than $800M, WSJ reports.

Alta Wind is currently owned by an affiliate of P-E firms Global Infrastructure Partners and ArcLight Capital Partners.

Alta Wind's farms have long-term purchase agreements with Southern California Edison (EIX), which serves more than 1M people in the region north of Los Angeles.

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Comments (3)
  • Mktneutralhedger
    , contributor
    Comments (1397) | Send Message
     
    NRG is already very leveraged.
    4 Jun 2014, 05:13 AM Reply Like
  • Bryansix
    , contributor
    Comments (2) | Send Message
     
    SCE's service territory is actually about 50,000 square miles and covers areas north, south, east and west of Los Angeles.
    21 Sep 2015, 10:33 AM Reply Like
  • Bryansix
    , contributor
    Comments (2) | Send Message
     
    SCE service territory is actually about 50,000 square miles and encompasses areas north, south, east and west of Los Angeles.
    21 Sep 2015, 10:37 AM Reply Like
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