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NRG Energy Inc. Enters into Agreements to Sell Two Generating Plants for $138 Million
“NRG is focused on maintaining a robust presence and balance through
conventional generation assets that complement each other in respect to
geography, technology and smart fuel diversity,” said
The Seward facility, which is located in the
The
“Operating a diverse generation fleet is a key component of NRG’s
continued success in every region in which we operate,” said
The aggregate purchase price for the two generation facilities, both of
which are owned by
Table 1: Adjusted EBITDA |
||
($ in millions) |
2016-2018
Average |
|
Income before Income Taxes | $ (2.7) | |
Depreciation and Amortization | 13.2 | |
Adjusted EBITDA | $ 10.5 |
About NRG
NRG is leading a customer-driven change in the U.S. energy industry by
delivering cleaner and smarter energy choices, while building on the
strength of the nation’s largest and most diverse competitive power
portfolio. A Fortune 200 company, we create value through reliable and
efficient conventional generation while driving innovation in solar and
renewable power, electric vehicle ecosystems, carbon capture technology
and customer-centric energy solutions. Our retail electricity providers
serve almost 3 million residential and commercial customers throughout
the country. More information is available at www.nrg.com.
Connect with
NRG Safe Harbor Disclosure
This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements are
subject to certain risks, uncertainties and assumptions and include
NRG’s expectations regarding asset sales and forward-looking statements
typically can be identified by the use of words such as “will,”
“expect,” “believe,” and similar terms. Although NRG believes that its
expectations are reasonable, it can give no assurance that these
expectations will prove to have been correct, and actual results may
vary materially. Factors that could cause actual results to differ
materially from those contemplated above include, among others, general
economic conditions, hazards customary in the power industry, failure of
counterparties to perform under contracts and our ability to receive
regulatory approvals. NRG undertakes no obligation to update or revise
any forward-looking statements, whether as a result of new information,
future events or otherwise. The foregoing review of factors that could
cause NRG’s actual results to differ materially from those contemplated
in the forward-looking statements included in this news release should
be considered in connection with information regarding risks and
uncertainties that may affect NRG’s future results included in NRG’s
filings with the
1 Based on market information as of NRG Energy’s 3rd Quarter
2015 earnings call on
View source version on businesswire.com: http://www.businesswire.com/news/home/20151201006802/en/
Source:
For NRG Energy, Inc.
Media:
Karen Cleeve,
609-524-4608
or
Dave Gaier, 609-524-4529
or
Investors:
Chad
Plotkin, 609-524-4526
or
Lindsey Puchyr, 609-524-4527