—GenConn Energy LLC to develop Devon peaking generation plant, which will support over 160,000 homes— PRINCETON, N.J. & NEW HAVEN, Conn.--(BUSINESS WIRE)--GenConn Energy, a 50-50 joint venture between NRG Energy, Inc. (NYSE: NRG) and The United Illuminating Company (UI), a subsidiary of UIL Holdings, Inc. (NYSE: UIL), today officially broke ground on a new 200 megawatt peaking power plant at NRG's Devon site in Milford, Connecticut. The new facility, scheduled to be in operation by June 1, 2010, will be able to provide power to more than 160,000 homes during periods of peak usage, such as hot summer and cold winter days. Anthony Marone, UI Vice President, Client Services, stated, "UI is pleased to be part of a project that will bring benefits to the state of Connecticut and all of its electric customers, especially during those peak times when the reliability of the electric grid is critical." On-hand for today's groundbreaking was Milford Mayor James Richetelli. "Today we demonstrate our continuing commitment to Connecticut as we begin construction on the new Devon peaking units less than one year after NRG commissioned new generating units at our Cos Cob site. It is great news for Connecticut consumers that this project is officially underway and on-schedule," said Drew Murphy, President of NRG's Northeast Region. "By building this new plant, GenConn will help reduce costs for electric customers and improve electric reliability in an area where it is needed the most."
