GenOn Energy

Talen Energy Corporation Announces Successful Completion of Strategic Restructuring Transactions

Retrieved on: 
Wednesday, May 17, 2023
LLP, Communication, Note, GenOn Energy, Plan, Talen, Kirkland & Ellis, Talen Energy, White & Case, TES, Risk management, Carbon, Rothschild, Exelon, Public expenditure, Rothschild & Co, Title 11 of the United States Code, Kroll, United, Hand, White, California Resources Corporation, Safety, McFarland, Security (finance), Bank, Management

HOUSTON, May 17, 2023 /PRNewswire/ -- Talen Energy Corporation ("Talen" or "the Company") announced today that it, along with its applicable debtor subsidiaries, has successfully consummated the strategic transactions contemplated by its chapter 11 plan of reorganization (the "Plan") and completed its restructuring. Supported by a new equity owner group, the Company has significantly reduced its debt and strengthened its balance sheet, making it well-positioned for future value creation.

Key Points: 
  • The Plan and the foregoing debt and equity financing transactions resulted in an approximately $2.7 billion reduction in TES' debt.
  • Mr. McFarland has extensive experience in the power industry, most recently serving as President and Chief Executive Officer of California Resources Corporation.
  • He previously held leadership roles with GenOn Energy, Luminant Holding Company LLC, and Exelon Corporation.
  • Our team appreciates the support of our Board, equity owners, lenders, and investors as we position Talen for the future."

Ameresco Announces Appointment of Charles R. Patton to Board of Directors

Retrieved on: 
Monday, April 24, 2023
Technology, Alternative Energy, Energy, Commercial Building & Real Estate, Construction & Property, Building Systems, Other Science, Other Natural Resources, Environment, Other Technology, Natural Resources, Urban Planning, Science, Green Technology, GenOn Energy, Executive, Public affairs, AEP, LBJ School, Policy, American Electric Power, Public policy, Power Company, Strategic planning, Government, Organization, NERC, Bowdoin College, Climate, MPA, Foreign policy, North American Electric Reliability Corporation, American Electric, Houston Lighting & Power, NYSE, Safety, AMRC, Renewable energy

Ameresco, Inc. , (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the appointment of Charles R. Patton to its Board of Directors.

Key Points: 
  • Ameresco, Inc. , (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the appointment of Charles R. Patton to its Board of Directors.
  • In this role, Patton oversaw American Electric’s customer service, regulatory, communications, safety and culture training, and federal public policy.
  • “I am excited to join the Board of Directors at Ameresco, a true pioneer in the energy solutions industry.
  • In addition to his new Board role at Ameresco, Patton also actively serves on the Board of Sterling Infrastructure, Inc., Messer, Inc., and Messer Construction Company.

Talen Energy Corporation Announces CEO Transition Plan; FERC and NRC Regulatory Approvals

Retrieved on: 
Wednesday, April 5, 2023
Plan, Bankruptcy, GenOn Energy, University, Senior, Kirkland & Ellis, Talen Energy, State university system, McFarland, TES, Carbon, Luminant, Rothschild, Exelon, Rothschild & Co, Business administration, Energy Future Holdings, Title 11 of the United States Code, Kroll, Biophysical environment, CFO, United States bankruptcy court, Cumulus cloud, California Resources Corporation, Virginia Tech, Master of Business Administration, Corporate development, Management, Talen

HOUSTON, April 5, 2023 /PRNewswire/ -- Today, Talen Energy Corporation ("Talen" or "the Company") reported that CEO Alejandro "Alex" Hernandez announced his departure effective as of the date that Talen closes the strategic transactions contemplated by its chapter 11 plan of reorganization (the "Plan") and completes its restructuring. The Plan includes the infusion of new equity capital pursuant to a common equity rights offering of up to $1.55 billion (the "Equity Rights Offering"). The Equity Rights Offering is backstopped by various leading financial institutions that hold approximately $1.1 billion of Talen Energy Supply's ("TES") existing unsecured notes and will, in the aggregate, hold the substantial majority of the equity of Talen upon consummation of the Plan. The Plan and Equity Rights Offering investment achieves an approximately $3 billion reduction in TES' debt, provides for full repayment of TES' first lien funded debt, and the consensual equitization of all of TES' existing unsecured notes.

Key Points: 
  • Mr. Hernandez has served as CEO since 2021, President and Director of the Company since 2019, and previously as CFO from 2016 through 2021.
  • "I thank Alex for his leadership in guiding Talen successfully through the recapitalization and restructuring process.
  • We welcome Mac McFarland to Talen and look forward to a successful and orderly transition," commented incoming Talen Board Chairman Stephen Schaefer.
  • We formed the Cumulus growth business, which is driving the convergence between digital infrastructure assets and carbon free energy.

Sigma7 Expands Advisory Board with Four New Appointments

Retrieved on: 
Tuesday, February 7, 2023
Consulting, Fintech, Professional Services, Business, Organization, GenOn Energy, Government, Transocean, Microsoft, NRG Energy, Government of the United Kingdom, Senior, Risk, Princeton University, Mining, GlobalSantaFe Corporation, Policy, Advisory board, Institute of Directors, Multimedia, Chair, Fusion, Defense, Management, Sigma Seven

In bolstering its Advisory Board of respected, world-class leaders from military, national security and industry backgrounds, the company expands its ability to help the world’s most critical organizations assess, mitigate and respond to risk.

Key Points: 
  • In bolstering its Advisory Board of respected, world-class leaders from military, national security and industry backgrounds, the company expands its ability to help the world’s most critical organizations assess, mitigate and respond to risk.
  • “We are honored to welcome four outstanding government and industry leaders to Sigma7’s Advisory Board.
  • Tom Cosentino, and Dr. Nadia Schadlow on Sigma7’s Advisory Board.
  • He has extensive mining executive and board experience and is a long-time Fellow of the Institute of Directors (UK).

Credit Karma Donates $75,000 to GenOne to Help With College and Career-Readiness in Under-Served Areas of Charlotte

Retrieved on: 
Monday, December 19, 2022
Professional Services, Philanthropy, Fund Raising, Finance, Foundation, Fintech, Personal Finance, Karma, FDIC, INTU, Education, Student, Credit Karma, Intuit, Mentorship, Credit, HR, EAB, GenOn Energy, Navigator, Gen, Charlotte-Mecklenburg Schools, First Engineer Bridge, Management, Tutoring

With this donation, GenOne will be able to triple the number of students they support over the next three years.

Key Points: 
  • With this donation, GenOne will be able to triple the number of students they support over the next three years.
  • In addition to the monetary donation, Credit Karma plans to partner with GenOne to create a career pathways rotational internship at their Charlotte headquarters for GenOne students who are entering their sophomore year of college.
  • GenOne follows those students throughout their educational career, providing key resources to access and graduate from college.
  • Since 2016, GenOne Charlotte partners with talented, first-generation students from under-served communities, helping them successfully navigate to and through college.

CenterPoint Energy, Inc. to Host Webcast of Second Quarter 2021 Earnings Conference Call

Retrieved on: 
Wednesday, June 16, 2021
CenterPoint Energy, Centerpoint, CNP, GenOn Energy, Economy of the United States, Companies

Time: 7:00a.m.

Key Points: 
  • Time: 7:00a.m.
  • Central time or8:00 a.m. Eastern time
    Click "Investors", and click the link "CenterPoint Energy, Inc.Second Quarter 2021 Earnings Conference call Webcast"
    As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas.
  • With approximately 9,500 employees,CenterPoint Energyand its predecessor companies have been in business for more than 150 years.
  • For more information, visit CenterPointEnergy.com .

CenterPoint Energy, Inc. to Host Webcast of First Quarter 2021 Earnings Conference Call

Retrieved on: 
Thursday, March 4, 2021
CenterPoint Energy, Centerpoint, CNP, Natural gas, Economy of the United States, Companies, Energy, GenOn Energy, Miller Pipeline

Time: 7:00 a.m. Central time or 8:00 a.m. Eastern time

Key Points: 
  • Time: 7:00 a.m. Central time or 8:00 a.m. Eastern time
    Click "Investors", and click the link "CenterPoint Energy, Inc. First Quarter 2021 Earnings Conference Call Webcast"
    As the only investor owned electric and gas utility based in Texas,CenterPoint Energy, Inc. (NYSE: CNP)is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas.
  • As of December 31, 2020, the company owned approximately $33 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets.
  • With approximately 9,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years.
  • For more information, visit CenterPointEnergy.com.

CenterPoint Energy, Inc. to Host Webcast of Fourth Quarter & Full Year 2020 Earnings Conference Call

Retrieved on: 
Thursday, November 12, 2020
CenterPoint Energy, Centerpoint, CNP, Natural gas, Companies, Economy of the United States, Energy, GenOn Energy, Miller Pipeline

Time: 7:00 a.m. Central time or 8:00 a.m. Eastern time

Key Points: 
  • Time: 7:00 a.m. Central time or 8:00 a.m. Eastern time
    Click "Investors", and click the link "CenterPoint Energy, Inc. Fourth Quarter & Full Year 2020Earnings Conference call Webcast"
    As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas.
  • As of September 30, 2020, the company owned approximately $33 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets.
  • With approximately 9,600 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years.
  • For more information, visit CenterPointEnergy.com.

CenterPoint Energy Appoints Jason Wells Executive Vice President and Chief Financial Officer

Retrieved on: 
Thursday, September 17, 2020
CenterPoint Energy, Centerpoint, CNP, Chief executive officer, Articles, Politics, GenOn Energy, Companies

HOUSTON, Sept. 17, 2020 /PRNewswire/ --CenterPoint Energy, Inc. (NYSE: CNP) today announced the appointment of Jason Wells as Executive Vice President and Chief Financial Officer, effective Sept. 28.

Key Points: 
  • HOUSTON, Sept. 17, 2020 /PRNewswire/ --CenterPoint Energy, Inc. (NYSE: CNP) today announced the appointment of Jason Wells as Executive Vice President and Chief Financial Officer, effective Sept. 28.
  • He will report to CenterPoint Energy's President and Chief Executive Officer Dave Lesar and serve on the company's Executive Committee.
  • "Jason will be instrumental in providing financial leadership to help drive CenterPoint Energy's utility-focused strategy, while maximizing value for all of our stakeholders.
  • Most recently, he served as Executive Vice President and Chief Financial Officer overseeing the financial activities of the nearly $60 billion enterprise.

Just Energy Announces Postponement of Special Meetings of Securityholders and Annual General Meeting of Shareholders

Retrieved on: 
Tuesday, August 25, 2020
Articles, Energy, TerraPass, Energy economics, Just Energy, Energy industry, Amigo Energy, Renewable energy, GenOn Energy, Constellation

TORONTO, Aug. 25, 2020 (GLOBE NEWSWIRE) -- Just Energy Group Inc. (Just Energy or the Company) (TSX:JE; NYSE:JE), a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers, today announced the postponement of its special meetings of securityholders and the Annual General Meeting of shareholders to enable the Company to continue ongoing discussions with certain of its debtholders.

Key Points: 
  • TORONTO, Aug. 25, 2020 (GLOBE NEWSWIRE) -- Just Energy Group Inc. (Just Energy or the Company) (TSX:JE; NYSE:JE), a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers, today announced the postponement of its special meetings of securityholders and the Annual General Meeting of shareholders to enable the Company to continue ongoing discussions with certain of its debtholders.
  • About Just Energy Group Inc.
    Just Energy is a consumer company focused on essential needs, including electricity and natural gas health and well-being, such as water quality and filtration devices; and utility conservation, bringing energy efficient solutions and renewable energy options to consumers.
  • Currently operating in the United States and Canada, Just Energy serves residential and commercial customers.
  • Just Energy is the parent company of Amigo Energy, EdgePower Inc., Filter Group Inc., Hudson Energy, Interactive Energy Group, Tara Energy, and TerraPass.