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GenOn Energy closes sale of 878-MW gas-fired plant in Illinois

has the 878-MW natural gas-fired facilityin DuPage County, Ill., to RA Generation LLC.

The subsidiarysold the plantfor $369 million in cash, including $4 million in adjustments for thePJM Interconnection LLC2019/2020 auction results and estimated working capital, according to a Form8-K filed July 18. The transactionwas completed July 12.

Proceedsfrom the sale will be used for general corporate purposes.

RAGeneration, an affiliate of LSPower Group, is also buyingthe roughly 297-MW Rockford Iand the approximately 153-MW RockfordII natural gas-fired projectsin Winnebago County, Ill., from NRG.(EC16-121)