NRG and its subsidiary, GenOn Energy, have agreed to sell the Canal Plant is Sandwich to a New York-based private equity firm for $390 million, according to industry insiders. The buyer is Stonepeak Kestrel, a subsidiary of Stonepeak Infrastructure Partners, according to a press release about the pending sale issued by GenOn on March 22. The press release says GenOn's sale of the Canal Plant's Units 1 and 2 is expected to close this summer.
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