In November, NRG Energy, a wholly owned subsidiary of Northern States Power Co. (NYSE: NSP), announced that its power marketing unit, NRG Power Marketing Inc., has been awarded a contract to supply approximately 40 percent of The Connecticut Light and Power Co.`s (CL&P) Standard Offer load. NRG won the four-year contract valued at $1.7 billion in a competitive bidding process. NRG owns (or has binding purchase agreements) to acquire approximately 2,400 MW of generating capacity in the New England Power Pool. Upon completion of pending acquisitions, NRG Energy will own more than 12,500 MW of generating capacity, with approximately 7,000 MW in the northeast United States.
