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NRG exits nuclear with sale of South Texas Project stake

WNN, 02 June 2023 Constellation Energy has agreed to purchase NRG Energy’s 44% stake in the South Texas Project (STP) for USD1.75 billion. The plant – located about 90 miles southwest of Houston – comprises two 1280 MWe pressurised water reactors which began providing electricity in 1988 and 1989, respectively.

“Today’s announcement is the continuation of our strategy to optimise our portfolio while creating significant shareholder value,” said NRG President and CEO Mauricio Gutier…………………………………………………………………………….Apart from STP, Houston-based NRG does not own any other nuclear generating capacity. https://world-nuclear-news.org/Articles/NRG-exits-nuclear-with-sale-of-South-Texas-Project

June 3, 2023 - Posted by Christina Macpherson | Uncategorized

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