By Scott DiSavino
Feb 27 NRG Energy Inc, the No. 2 U.S.
power generating company, said on Wednesday it will add over
2,000 megawatts (MW) of natural gas and solar power generating
capacity in 2013.
"In 2013, we expect over 2,000 MW of utility scale
conventional and solar generation to come on line," NRG CEO
David Crane told analysts on a call after the company released
its fourth quarter earnings.
The 2,000 megawatts can power up to 2 million homes.
The new natural gas projects are the 550-MW El Segundo
combined cycle plant and the 720-MW Marsh Landing peaking plant
in California, and the 75-MW WA Parish peaking plant in Texas.
On the solar front, NRG expects units at several projects to
enter service, including at Ivanpah in California, Agua Caliente
in Arizona and the California Valley Solar Ranch in California.
Crane said the new projects "should generate over $500
million in incremental EBITDA (earnings before the deduction of
interest, taxes and amortization expenses), almost all of which
is fully contracted."
Some of the solar projects are partnerships in which NRG
owns a partial share.
The 377-MW Ivanpah is a partnership between NRG, Google
and BrightSource being built by Bechtel. The power from
Ivanpah will be sold to units of California power companies PG&E
Corp and Edison International, according to the
The 290-MW Agua Caliente is a partnership between NRG and
Berkshire Hathaway Inc's MidAmerican Energy being
developed by FirstSolar Inc. The power from Agua
Caliente will be sold to PG&E, according to the Agua Caliente
The power from NRG's 250-MW California Valley Solar Ranch
will be sold to PG&E, according to NRG's website.
As for existing plants, NRG said it was looking to repower
several units, including Astoria in New York City, but was
waiting for long term power purchase agreements with
creditworthy buyers. See
The company did not name any new plant retirements in
addition to those GenOn said it would shut over the next few
It did mention previously announced plans to mothball units
at the Werner oil-fired plant and the Gilbert gas and oil-fired
plant in New Jersey.