NRG Energy Inc. - NRG STOCK NEWS

NRG Energy, Inc. (NYSE:NRG) is set to announce its full year and fourth quarter 2023 financial results on February 28, 2024. The results will be presented during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST). The press release will be available on the company's website, and a live webcast can be accessed at investors.nrg.com. A replay will also be available for those unable to listen in real time.

Platinum Equity has signed an agreement to sell the Hunterstown power generation facility and related assets to LS Power. The facility is a combined-cycle gas turbine generating power plant providing 810 MW to the PJM (Met-Ed) 500kV grid, with enough to supply more than 600,000 homes. The transaction is expected to close in the second quarter of 2024. The sale is a result of Platinum Equity's meaningful investment and strong operational performance of the facility. The debt structure of Hunterstown also made it attractive to prospective buyers. Platinum Equity acquired the facility in 2018 from GenOn, a unit of NRG Energy Inc., which had filed for bankruptcy protection in June 2017.

Direct Energy Services, LLC (NRG) proudly serves more than 200,000 households and businesses as the supplier of the City of Boston’s Community Choice Electricity Program, providing affordable, reliable, and renewable electricity options. The program offers two renewable electricity products with more renewable electricity content than the utility Basic Service and at a lower cost, helping Bostonians reduce their carbon footprint. Direct Energy now provides renewable electricity to more than 24 municipalities and 400,000 customers in Massachusetts. The company's Standard (Default) product delivers 62.5% more Massachusetts Class I renewable power to consumers than the utility product and the Massachusetts Renewable Portfolio Standard at a rate nearly 15% lower than Eversource’s proposed rate. With the GREEN 100 product, Direct Energy delivers 100% Massachusetts Class I renewable electricity to consumers at a rate below Eversource’s. The program empowers electricity customers to make simple, convenient choices that make a difference in their own lives and community.

NRG Energy, Inc. (NRG) announced the early results of its Tender Offer to purchase for cash up to $620 million aggregate principal amount of its outstanding senior notes. $681.4 million aggregate principal amount of the 2032 Notes were validly tendered and not validly withdrawn, representing a proration factor of approximately 91%. NRG does not expect to accept for purchase any Notes tendered after the Early Tender Date. The Tender Offer is scheduled to expire on December 6, 2023.

NRG Energy, Inc. (NRG) has extended the early tender date for its Tender Offer to purchase for cash up to $620 million aggregate principal amount of its outstanding senior notes due 2032, 2031, and 2029. NRG has also increased the Maximum Tender Amount. Holders of Notes who previously tendered their Notes prior to the original early tender date do not need to re-tender such Notes or take any other action in response to this announcement.

NRG Energy, Inc. (NYSE: NRG) announced the appointment of Lawrence Coben as Interim President and CEO, the departure of Mauricio Gutierrez, and the initiation of a search for a permanent CEO. Four new independent directors will join the Board as part of a collaboration with Elliott. NRG reaffirms its previous guidance, capital allocation framework, and growth and cost savings targets.

NRG Energy, Inc. (NYSE: NRG) Honors Top Energy Customers at Fourth Annual Excellence in Energy Awards, Recognizing Leadership in Community, Sustainability, and Energy Efficiency. Winners include Integrity Stone, Inc., Loaves & Fishes of the Rio Grande Valley, Gölu Hydrogen Technologies Inc., Jack Resnick & Sons, Inc., Lower Allen Township, Bank of Montreal, Georgetown University, Round Rock Independent School District, and The University of Toledo.

NRG Energy: Evaluating Credibility of Carbon Offsets for Decarbonization Efforts

NRG Energy, Inc. has announced a Tender Offer to purchase up to $600 million aggregate principal amount of its outstanding senior notes due 2032, 2031, and 2029. The Tender Offer is scheduled to expire on December 6, 2023, and holders who tender their notes by November 20, 2023, will be eligible for the Early Tender Payment. NRG will pay accrued and unpaid interest on the accepted notes. The Tender Offer is subject to the Maximum Tender Amount and certain conditions.