NRG Yield Completes Acquisition Of Second Set Of Assets From NRG Energy

(RTTNews) - NRG Yield, Inc. (NYLD) said it has completed its previously announced acquisition of second set of assets from NRG Energy, Inc. for $480 million in total cash consideration, plus assumed project debt of $737 million, excluding adjustments for working capital.

According to the company, the acquisition, which totals 785 megawatts or MW of operating capacity, includes Walnut Creek- 500 MW natural gas facility located in City of Industry, CA, Tapestry- three wind facilities totaling 204 MW; including Buffalo Bear 19 MW in Oklahoma, Taloga 130 MW in Oklahoma, and Pinnacle 55 MW in West Virginia and Laredo Ridge - 81 MW wind facility located in Petersburg, NE.

As a result of the completed acquisition, NRG Yield is raising its full-year 2015 Adjusted EBITDA guidance to $705 million, from $585 million, and Cash Available for Distribution guidance to $195 million, from $160 million.