NRG Energy Review Includes Potential Sale of All Renewables

NRG Energy Review Includes Potential Sale of All Renewables

May 10, 2017

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

On 5/9/17, SeekingAlpha noted Bloomberg’s report that “NRG is is considering a recommendation to sell its entire renewable energy business, as the company faces pressure from activist investor Elliott Management to cut costs…. A potential sale, being weighed by a board panel that NRG formed in February, could include wind and solar projects NRG is developing on its own and plants run by its NRG Yield (NYSE:NYLD) unit, according to the report. A sale of the renewable portfolio would represent one of the largest-ever clean energy transactions; at least 5GW of total generation capacity would change hands with the sale of NYLD alone.” The NRG renewable business and NYLD comprised about a third of the company’s adjusted EBITDA last year, totaling $1.09B.”

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 Competitive Assets

    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 Competitive Assets at 512-581-0151

  • 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 granting: Competitive Assets LLC, 494 Hwy 71 W, Bastrop, TX, 78602, permission to email you. You may unsubscribe via the link found at the bottom of every email. (See our Email Privacy Policy (http://constantcontact.com/legal/privacy-statement) for details.) Emails are serviced by Constant Contact.
  • 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.

  • ERCOT Monitor Reports---New Issue

    *******************************

    ERCOT's Technical Advisory Committee (TAC) Meeting 8/25/16

    At the August Technical Advisory Committee meeting, participants considered a number of revision requests, heard an update on the Smart Meter Texas efforts, and noted the growth of unregistered distributed generation in several load zones.

    For more about the meeting, Please click here.

  • Other Services provided by Competitive Assets

    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 or call Competitive Assets at 512-581-0151