GenOn Will Shut Plants Through 2015 on Environmental Rules
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GenOn Energy Inc., the third-largest U.S. independent power producer by market value, expects to shut about 13 percent of its generating capacity by May 2015 because of environmental regulations.
Shutdowns will begin in June at the units, which don’t generate enough profit to cover the costs of complying with the rules, Houston-based GenOn said today in a statement. The plants, located at eight sites in Pennsylvania, Ohio and New Jersey, generate 3,140 megawatts in the wholesale market overseen by PJM Interconnection. Except for one unit, all of the plants burn coal, according to GenOn’s website.