NRG Asks State To Order Alternate Energy Purchases After NU-NStar Merger
STEPHEN SINGER,AP Business Writer
HARTFORD, Conn. (AP) — Power provider NRG Energy Inc. wants Connecticut to require Northeast Utilities to agree to buy power from an alternative energy plant as a condition of the utility’s $4.8 billion purchase of Boston-based NStar.
The demand mirrors an agreement announced in Massachusetts last month. The Hartford-based Northeast Utilities and NStar will buy power produced by the Cape Wind offshore wind farm as a condition of the proposed deal.
The Princeton, N.J.-based NRG said its Montville, Conn., biomass project would provide up to 40 megawatts from wood chips, enough for about 32,000 homes. Spokesman David Gaier said construction and retrofitting would cost about $100 million.
A spokesman for NU says the utility expects the state’s decision will reflect all comments.
A spokesman for Connecticut regulators said only that the state is reviewing all comments concerning the deal.
Copyright 2012 The Associated Press.