NRG Energy is evaluating an acquisition or ownership stake in the Pleasants Power Station. A court filing reported by Reuters identifies the company as a potential buyer for the West Virginia coal plant. The plant’s current owner disputes the bankruptcy status, arguing the facility remains profitable.
Houston officials are considering an $11 million tax break for NRG to construct a natural gas power plant. The proposed facility would generate enough electricity to power 110,000 homes.
BNP Paribas lowered its price target for NRG Energy to $221. The previous target was $232. The firm maintained its outperform rating on the stock.