Elliott Teams with Ex-TXU CEO for NRG Energy Shake-up

Elliott Teams with Ex-TXU CEO for NRG Energy Shake-up

Jan 18, 2017

by Margarita Fournier; Copyright 2016 by Competitive Assets, LLC.  All rights reserved

On 1/17/17, Reuters UK reported that “Elliott Management and private equity firm Bluescape Energy Partners have teamed up to buy a 9.4 percent stake in NRG Energy Inc (NRG.N) and said they may push to elect one or more directors to its board. Elliott and Bluescape, which was founded by ex-TXU Corp. CEO John Wilder, said in a filing that NRG’s shares were ‘deeply undervalued.’ The investors are seeking operational and financial improvements as well as the consideration of strategic initiatives at the company…. ‘This campaign looks very much pegged to Wilder and his turnaround skills,’ research firm Gordon Haskett said in a note on Tuesday. While most of Elliott’s activist campaigns have focused on the tech industry in recent years, the firm also has a track record of targeting energy companies.”

Back to Texas Electric News Clips

  • Competitive Assets

    provides information and consulting for the Texas electric utility industry and is the information source relied upon by many retail electric providers, cooperatives, municipalities, generators, power marketers, brokers, aggregators, wires companies, PUCT staff, ERCOT staff, Texas legislators and staff, FERC staff, metering companies, members of the financial community, consumer representatives, and other parties interested in the Texas electric industry..

    For more, click here to visit CompetitiveAssets.com

  • News Services provided by Texas Electric Market Monitor

    Texas Electric Watch

    Texas Electric Policy News

    ERCOT Monitor Reports

    ====================

    For a free trial subscription to any of these 3 news services, please send an email to freetrial. If you are interested in subscribing any of these 3 news services, please click here or call Texas Electric Market Monitor at 512-985-8167

  • Special Reports by Competitive Assets

    How to Prepare Confidential Filings at the PUCT

    ====================

    For more information about this special report, please click here or go to CA Store-Special Reports page.

  • Rate Updates Services

    ERCOT TDU Rate Updates

    Provides updates of approved rates for TDUs in ERCOT in a spreadsheet format, updated twice per month

    If you are interested in subscribing this service, please click here

  • Texas Electric News Daily Email Service is a free service. If you like this news service, please consider supporting this website

  • Texas Electric News Daily Email Sign Up

    Enter your name and email address to receive daily Texas Electric News Clip emails

    ==============================


    By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
  • Want to Share Your Opinion with Our Readers?

    Articles or Press Releases may be submitted to Competitive Assets via CAcontact@texaselectricnews.com Please Click Here to see our policy on article submission.

  • Search This Website