Edison Mission Gets Final Approval For $2.6B Sale To NRG

Law360, New York (March 19, 2014, 1:40 PM EDT) -- The Federal Energy Regulatory Commission signed off on Edison Mission Energy’s $2.6 billion sale of its assets to NRG Energy Inc., signaling the final approval needed from regulators for EME to move forward with its reorganization plan, according to a Wednesday statement.

Under the terms of the transaction, NRG will nab virtually all of EME’s assets, adding nearly 8,000 megawatts of power generation and making it into the second-largest U.S. power company, according to a statement. The acquisition will also make NRG the third largest U.S.-based...
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