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NRG Canal 3 Project Clears ISO-NE Capacity Auction

Feb 11, 2016 - Business Wire

NRG Energy, Inc. (NYSE:NRG) is pleased to announce its Canal 3 development project, a 333 MW gas turbine peaker, cleared the ISO-New England tenth forward capacity auction at a price of $7.03/Kw-month. Canal 3's selection demonstrates the value of new fast-start, flexible power generation in a region experiencing multiple facility retirements. Canal 3 is scheduled to go online in 2019 on Cape Cod, with capital investment beginning in late 2017 and significant development expenditures in 2018. Th...