|NRG and GenOn Complete Merger, Creating Nation’s Largest Competitive Power Generator|
—Combined company has about 47,000 megawatts of generating capacity comprised of nearly 100 generating facilities in 18 states —
“Today, we usher in a new era of scale and scope in the American power
industry, creating additional value for our shareholders and enhancing
our ability to serve our growing retail energy customer base with safe,
affordable and reliable power,” said
In connection with the consummation of the merger,
With the merger completed, NRG is now dual headquartered, with financial
and commercial headquarters in
NRG is at the forefront of changing how people think about and use
energy. We deliver cleaner and smarter energy choices for our customers,
backed by the nation’s largest independent power generation portfolio of
fossil fuel, nuclear, solar and wind facilities. A Fortune 300 company,
NRG is challenging the U.S. energy industry by becoming the largest
developer of solar power, building the first privately-funded electric
vehicle charging infrastructure, and providing customers with the most
advanced smart energy solutions to better manage their energy use. In
addition to 47,000 megawatts of generation capacity, enough to supply
nearly 40 million homes, our retail electricity providers – Reliant,
Forward Looking Statements
In addition to historical information, the information presented in this communication includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act. These statements involve estimates, expectations, projections, goals, assumptions, known and unknown risks and uncertainties and can typically be identified by terminology such as “may,” “will,” “should,” “could,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “expect,” “intend,” “seek,” “plan,” “think,” “anticipate,” “estimate,” “predict,” “target,” “potential” or “continue” or the negative of these terms or other comparable terminology. Such forward-looking statements include, but are not limited to, statements about the anticipated benefits of the transaction between NRG and GenOn, the combined company’s future revenues, income, indebtedness, capital structure, plans, expectations, objectives, projected financial performance and/or business results and other future events, and economic and market conditions.
Forward-looking statements are not a guarantee of future performance and actual events or results may differ materially from any forward-looking statement as result of various risks and uncertainties, including, but not limited to, those relating to: impact of the transaction on relationships with customers, suppliers and employees, the ability to finance the combined business post-closing and the terms on which such financing may be available, the financial performance of the combined company following completion of the transaction, the ability to successfully integrate the businesses of NRG and GenOn, the ability to realize anticipated benefits of the transaction (including expected cost savings and other synergies) or the risk that anticipated benefits may take longer to realize than expected, legislative, regulatory and/or market developments, the outcome of pending or threatened lawsuits, regulatory or tax proceedings or investigations, the effects of competition or regulatory intervention, financial and economic market conditions, access to capital, the timing and extent of changes in law and regulation (including environmental), commodity prices, prevailing demand and market prices for electricity, capacity, fuel and emissions allowances, weather conditions, operational constraints or outages, fuel supply or transmission issues, hedging ineffectiveness.
Additional information concerning other risk factors is contained in
NRG’s and GenOn’s most recently filed Annual Reports on Form 10-K,
subsequent Quarterly Reports on Form 10-Q, recent Current Reports on
Form 8-K, and other
Many of these risks, uncertainties and assumptions are beyond NRG’s ability to control or predict. Because of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made, and NRG does not undertake any obligation to update publicly or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this communication. All subsequent written and oral forward-looking statements concerning NRG, the transaction, the combined company or other matters and attributable to NRG or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.
NRG Energy, Inc.