GenOn Holdings, Inc. Announces Retirement of Chalk Point Coal Units

Units have served Maryland since 1964-1965

(Houston, Texas, August 10, 2020)  GenOn Holdings, Inc. announced today that it has initiated the process to retire coal-fired electric generating Units 1 and 2 located at its Chalk Point  generating station located in Aquasco, MD.  These 2 coal units comprise approximately 670 megawatts of electric generating capacity.  Chalk Point Units 1 and 2 came online in 1964 and 1965, respectively, and have safely and reliably served the electric needs of Maryland and the surrounding area for the past 55 years.  The proposed retirement date for Units 1 and 2 is June 1, 2021.

The decision to initiate the retirement of the Chalk Point coal Units 1 and 2 is driven by, among other reasons, unfavorable economic conditions and increased costs associated with environmental compliance.  Deactivation of these coal-fired generating units is subject to a 90-day reliability review period by PJM.  Once the PJM review period is complete, GenOn will initiate a decommissioning process and a step plan reduction in the workforce at the Chalk Point site. 

GenOn will provide benefits common in this situation to all affected employees, including severance payments and access to healthcare.

GenOn will continue to operate the approximately 1,600 megawatts of natural gas and oil-fired generating capacity located at the Chalk Point site.  

GenOn is a competitive independent power producer that owns approximately 10,338 MW of electric generation facilities primarily located in the Northeast United States and in California. 

For more information on this topic, please contact Daniel D. McDevitt, Executive Vice President and General Counsel at GeneralCounsel@GenOn.com.