NEGT's transaction with Goldman subsidiary GS Power Holdings II is expected to close in the first quarter of 2005, subject to regulatory and third-party approvals. The plants are located throughout the US and have a combined generating capacity of more than 2,500 megawatts (MW). NEGT's ownership interests in the facilities ranges from 13% to 100%.

The agreement followed a bidding process, in which NEGT sought offers higher or otherwise better than the $558 million negotiated with Denali