Entergy Completes Purchase of Rhode Island State Energy Center from NextEra Energy

 

 

NEW ORLEANS, Dec. 21, 2011 /PRNewswire/ -- Entergy Corporation (NYSE: ETR) announced today its Entergy Wholesale Commodities business segment has completed the previously announced purchase of the Rhode Island State Energy Center (RISEC), an approximately 583-megawatt power plant located in Johnston, R.I., from subsidiaries of NextEra Energy Inc. (NYSE: NEE) for approximately $346 million, subject to customary closing adjustments.

The facility is a Siemens natural gas-fired combined-cycle generating plant that entered commercial service in 2002. RISEC recently completed work with Siemens to uprate its combustion turbines, increasing the facility's nominal capacity to 583 MW from 550 MW.

Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, and it is the second-largest nuclear generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $11 billion and approximately 15,000 employees.

Additional investor information can be accessed on-line at www.entergy.com/investor_relations

SOURCE Entergy Corporation

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