RELIANT ENERGY UPGRADING NEW YORK HYDRO FLEET

摘要

Two years ago, Houston-based Reliant Energy had little hydroelectric generation. Today, it has more than 700 MW of hydropower. Last year, Reliant acquired 71 hydro facilities in New York State to go along with the two facilities already owned in Pennsylvania and Maryland. Sixty-nine of those facilities came by way of Reliant's merger with Orion Power Holdings. The upstate New York plants had been previously owned by Niagara Mohawk Power Corp. and were sold to Orion as part of New York's electricity deregulation, which required utilities to divest of generation assets. "Although still only 4 percent of Reliant's production capacity, acquisition of the New York State hydro facilities helped us diversify our energy portfolio at a time of strong incentives to provide 'green' energy in New York," said David Youlen, managing director-hydros.