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NRG Energy Inc (NRG.N)

NRG.N on New York Stock Exchange

25.01USD
25 Jul 2017
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Latest Key Developments (Source: Significant Developments)

NRG Energy Inc - ‍transformation plan targets removal of $13 bln debt
Wednesday, 12 Jul 2017 07:00am EDT 

July 12 (Reuters) - NRG Energy Inc :NRG Energy launches transformation plan.NRG Energy Inc- ‍business review committee (brc) unanimously recommended transformation plan​.NRG Energy Incsays transformation plan target inculde $2.5-$4.0 billion targeted asset sale net cash proceeds.NRG Energy Inc says NRG is well underway in a process to explore strategic alternatives for its interest in nrg yield and renewables platform.NRG Energy Inc- ‍transformation plan targets pro forma annual adjusted ebitda of $1.845 billion​.NRG Energy Inc- ‍transformation plan targets removal of $13 billion total debt from balance sheet​.Sees 2017 adjusted ebitda $2,565 million - $2,765 million.NRG Energy Inc- ‍transformation plan targets $855 million recurring annual free cash flow before growth (FCFBG) accretive improvements​.Sees 2017 cash from operations $1,760 million - $1,960 million.NRG Energy Inc says in the transformation plan​ "‍majority of targets and results are achievable by end of 2018".Sees 2017 free cash flow before growth investments $1,290 million - $1,490 million.NRG-Maintaining guidance for fy 2017 adjusted ebitda and fcfbg investments and adjusting for deconsolidation of genon & impact of transformation plan.NRG Energy -‍ plan expects to realize $370 million non-recurring working capital improvements through 2020, about $290 million in one-time costs to achieve​.  Full Article

Genon Americas Generation says on June 29 debtors filed joint plan of reorganization
Friday, 30 Jun 2017 08:09am EDT 

June 30 (Reuters) - Genon Americas Generation Llc [RIC:RIC:GENXG.UL]::Genon Americas Generation LLC - on June 29 debtors filed joint plan of reorganization pursuant to chapter 11 of bankruptcy code - SEC filing.Genon - ‍debtors filed joint plan of reorganization with bankruptcy court consistent with agreement previously entered into by debtors with NRG Energy.  Full Article

NRG Energy says Genon and its subsidiaries will be deconsolidated from NRG's financial statements
Tuesday, 20 Jun 2017 05:15pm EDT 

June 20 (Reuters) - NRG Energy Inc :NRG has determined that the disposal of Genon is a discontinued operation.NRG has determined that Genon and its subsidiaries will be deconsolidated from NRG's financial statements - SEC filing.NRG will record its investment in Genon under cost method with an estimated fair value of zero.NRG expects to record a loss on discontinued operations of about $710 million during three months ended June 30, 2017.  Full Article

Genon Energy says co, Genon Americas Generation, Genon entities entered into a restructuring support and lock-up agreement with NRG Energy, holders
Wednesday, 14 Jun 2017 09:46am EDT 

June 14 (Reuters) - Genon Americas Generation Llc [RIC:RIC:GENXG.UL]:Genon Energy - on June 12, co, Genon Americas Generation, Genon Entities entered into a restructuring support and lock-up agreement with nrg energy, holders.Genon Energy - NRG shall provide Genon entities with fully cash collateralized letter of credit facility in amount not to exceed $330 million - sec filing.Genon Energy - as per RSA terms, NRG will provide co with transition services at rate of $84 million on annualized basis during pendency of chapter 11 cases.  Full Article

GenOn Energy files for Chapter 11 bankruptcy protection - Court Filing
Wednesday, 14 Jun 2017 08:00am EDT 

June 14 (Reuters) - :GenOn Energy, a unit of NRG energy, files for chapter 11 bankruptcy protection - Court Filing.GenOn Energy lists assets in the range of $1 billion to $10 billion, liabilities in the range of $100 million to $500 million - Court Filing.  Full Article

NRG Energy-consistent with consent agreement with Genon energy, extends its term to June 9
Wednesday, 7 Jun 2017 06:34am EDT 

June 7 (Reuters) - NRG Energy Inc ::NRG Energy-consistent with consent agreement with Genon energy, extending its term to June 9 to facilitate negotiations of restructuring support agreement.  Full Article

NRG Energy provides update on agreement with GenOn Energy
Monday, 5 Jun 2017 06:10am EDT 

June 5 (Reuters) - NRG Energy Inc :Nrg energy-pursuant to consent agreement with genon energy, agreed to extend term of consent agreement to june 6 to facilitate negotiation of restructuring support agreement​‍​.  Full Article

GenOn Energy announces pricing and increases amount of offering of senior secured notes
Thursday, 4 May 2017 09:34pm EDT 

May 4 (Reuters) - GenOn energy ::priced and increased amount of its offering to $550 million in aggregate principal amount of 10.500% senior secured first lien notes due 2022 .GenOn Energy,Inc announces pricing and increases amount of offering of senior secured first lien notes.GenOn Energy Inc, a wholly-owned subsidiary of NRG Energy, priced the notes.  Full Article

NRG Energy Inc posts Q1 loss per share $0.52
Tuesday, 2 May 2017 06:55am EDT 

May 2 (Reuters) - NRG Energy Inc :NRG Energy Inc - reaffirming 2017 adjusted EBITDA and free cash flow before growth (FCFBG) guidance.Q1 loss per share $0.52.Qtrly total operating revenues $2.76 billion versus $3.23 billion.Q1 earnings per share view $-0.28, revenue view $3.03 billion -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $0.58, revenue view $13.65 billion -- Thomson Reuters I/B/E/S.  Full Article

NRG Energy CEO Mauricio Gutierrez's fy 2016 total compensation $8.3 mln
Thursday, 16 Mar 2017 04:43pm EDT 

Nrg Energy Inc :Ceo Mauricio Gutierrez's fy 2016 total compensation $8.3 million versus $2.5 million in fy 2015 - SEC filing.  Full Article

BRIEF-Berkshire Hathaway Energy says supports new Texas stakeholder groups for its proposed acquisition of Oncor

* Berkshire Hathaway Energy -announced support of new Texas stakeholder groups for its proposed acquisition of Oncor Electric Delivery Company Llc‍​