Reliant Resources to acquire Orion Power Holdings for $2.9 billion

Reliant Resources, a unit of Reliant Energy, agreed to buy electric power generator Orion Power Holdings for $2.9 billion in cash plus assumption of $1.8 billion of debt. This is a power-generation utility deal, outside the home-service trades roll-up scope.

“Reliant Resources, a unit of Reliant Energy headquartered here, has agreed to purchase Orion Power Holdings, Baltimore, MD, for $2.9 billion in cash.”

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