- The Enterprise
- The Recorder
GenOn Energy, owner of two local coal-fired power plants, merged with New Jersey-based NRG Energy, the companies announced Friday.
With the merger, NRG has “almost 100” power plants in 18 states, according to a news release, including the Morgantown Generation Station in Newburg and Chalk Point Generation Station near Eagle Harbor.
The merger is unlikely to affect the plants, said NRG spokesman David Gaier.
“We don’t plan to do anything different. Right now, it’s a very smooth, successful merger. We plan to operate the plants very much as they’ve been operated to date,” he said.
Any layoffs have already happened and tended to affect workers at the companies’ headquarters, not those at power plants, Gaier said.
NRG will buy out GenOn stockholders’ holdings at a ratio of 0.1216 shares of NRG common stock for each share of GenOn common stock, the announcement states.
With the merger, NRG will have its financial and commercial headquarters in Princeton, N.J., and operational headquarters in Houston, GenOn’s former headquarters.
Charles County commissioners’ President Candice Quinn Kelly (D) said she had no information about how the merger might affect the local power plants.
“I hope it’s good for the business. I certainly hope this is part of a positive business move. We consider them partners,” she said.