NRG Energy Inc. (NYSE: NRG) is buying the Gregory cogeneration plant in Corpus Christi, Texas, for $244 million, as the latest energy deal.

The plant has steam capacity of more than a million pounds per hour, which is equal to 160 megawatts of electricity. The gas-powered plant provides steam, processed water and electrical generation to the Corpus Christi Sherwin Alumina plant. Cogeneration plants usually produce steam for heating purposes, as well as electricity. 

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