NRG, the energy company that purchased the right to complete the solar energy farm from bankrupt SunEdison, is now reversing course according to the WSJ.
"NRG, which owns and operates power plants, said it would sell $2.5 billion to $4 billion in assets, including possibly all of its interest in NRG Yield Inc., a dividend-generating company with renewable energy holdings.
The moves are the final steps to undo a bold, but unsuccessful plan, under a previous NRG chief executive to diversify away from coal and gas into wind and solar. The strategy turned out to be a drag on earnings and depressed the share price."Georgetown has a contract with NRG for them to begin supplying solar generated electricity from the plant near Ft Stockton by July, 2018.
What are the implications for Georgetown with NRG moving away from solar and wind generators?
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