GenOn Dismantles Plant but Company Merger Slows Process
GenOn is aggressively disassembling its plant in North Old Town, but must wait for a company merger before making key business decisions.
GenOn is aggressively dismantling the Potomac River Power Generating Station in Alexandria but plans for its future are temporarily on hold until the firm completes its merger with Princeton, N.J.-based NRG Energy. When completed, the merger will create the nation’s largest electricity generator and include a portfolio of fossil, solar, nuclear and wind facilities. The deal is expected to close by the first quarter of 2013, according to an NRG news release. Phase One of the Potomac River plant deactivation is scheduled to be completed mid-2013 with Phase 2 beginning “in earnest” with completion of the merger, said GenOn Vice President for Asset Management Misty Allen on Thursday night. The company must complete a financial analysis of the …
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