Entergy completes purchase of Rhode Island facility

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Published: December 22,2011

Tags: electricity, energy, mergers and acquisitions, power, utilities

NEW ORLEANS — Entergy Corporation’s 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. 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 up-rate its combustion turbines, increasing the facility’s nominal capacity to 583 MW from 550 MW.

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