New York approves new $1.4 bln
By musiclover - Thu Jan 20, 1:41 pm
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New York utility regulators on Thursday approved the construction of a $1.4 billion natural gas-fired power plant by NRG Energy Inc’s (NRG.N) in New York City that will replace an older facility.
The proposed 1,040-megawatt plant would replace an existing 600-MW facility in Queens built in 1970-71, the state Public Service Commission said in a release.
“This project will replace older units with state-of-the-art combined-cycle units operating primarily on natural gas,” Commission Chairman Garry Brown said in the release.
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