logo
Share SHARE
FONT-SIZE Plus   Neg

NRG Energy And GenOn Energy Complete Their Merger - Quick Facts

NRG Energy Inc. (NRG) announced that the company and GenOn Energy Inc. (GEN) have completed their merger effective today. NRG said it now has a diverse fleet of almost 100 generation assets with a total capacity of approximately 47,000 megawatts or MW concentrated in three domesticregions: East, Gulf Coast and West.

In connection with the consummation of the merger, GenOn Energy stockholders will receive a fixed ratio of 0.1216 shares of NRG common stock for each share of GenOn common stock, except that cash will be paid in lieu of fractional shares.

NRG Energy stated that GenOn common stock will cease being traded prior to the market opening Monday, December 17, and will no longer be listed on the New York Stock Exchange.

With the merger completed, NRG is now dual headquartered, with financial and commercial headquarters in Princeton and operational headquarters in Houston.

In July, Electric utility NRG Energy agreed to acquire GenOn Energy in an all-stock deal valued at about $1.7 billion.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Dealing a potentially fatal blow to a last-ditch effort by Republicans to repeal and replace Obamacare, Senator John McCain, R-Ariz., on Friday announced his opposition to a healthcare bill drafted by Senators Lindsey Graham, R-S.C., and Bill Cassidy, R-La. Reiterating his claim that Russian meddling in last year's election is a hoax, President Donald Trump has argued that the biggest influence on the election came from the media. Trump seemed to suggest in a post on Twitter on Friday that his victory in the presidential election came despite the media's... U.S. airlines collected a record $7.1 billion in revenue from fees for checked baggage and for changing or canceling reservations, reflecting a marked increase from 2010, according to a government report. The U.S. Government Accountability Office or GOA said in a report that U.S. airlines' revenue from these two fees increased to $7.1 billion in 2016 from $6.3 billion in 2010, in constant dollars.
comments powered by Disqus
Follow RTT