NY -- Standard & Poor's CreditWire 12/29/98 -- Standard & Poor's today affirmed its triple-'B'-minus rating on NRG Energy Inc.'s $375 million senior unsecured notes. Standard & Poor's also affirmed its triple-'B'-minus corporate credit rating on the company. The outlook is stable. The rating affirmation follows NRG's announcement of two major acquisitions. NRG will jointly purchase with Dynegy 1,218 MWs of power generation facilities for $356 million from San Diego Gas & Electric Co. The power facilities consist of the 965 MW natural gas fired Encina Power Plant and 17 combustion turbines consisting of 253 MW located in the San Diego area. NRG will operate and maintain the facilities while Dynegy will manage fuel procurement and energy marketing. Dynegy, formerly...
Companies mentioned in this report are: NRG Energy Inc.
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