NRG

NRG Energy, Inc. Announces Early Results of its Cash Tender Offers

Retrieved on: 
Friday, November 24, 2023
Finance, Other Energy, Utilities, Oil, Gas, Coal, Professional Services, Alternative Energy, Energy, Nuclear, NYSE, Information, Mini-tender offer, NRG Energy, BMO Capital Markets, Tender offer, Date, Personal Information Agent, Tender, Priority, NRG, Cryptocurrency, Security (finance), Note

Although the Tenders Offers are scheduled to expire at 5:00 p.m., New York City time, on December 6, 2023 (the “Expiration Date”), because the Tender Offer was fully subscribed as of the Early Tender Date, NRG does not expect to accept for purchase any Notes tendered after the Early Tender Date.

Key Points: 
  • Although the Tenders Offers are scheduled to expire at 5:00 p.m., New York City time, on December 6, 2023 (the “Expiration Date”), because the Tender Offer was fully subscribed as of the Early Tender Date, NRG does not expect to accept for purchase any Notes tendered after the Early Tender Date.
  • NRG’s obligation to purchase Notes in the Tender Offer is conditioned on the satisfaction or waiver of a number of conditions as described in the Offer to Purchase.
  • NRG has engaged BMO Capital Markets Corp. and Credit Agricole Securities (USA) Inc. as joint lead dealer managers for the Tender Offers.
  • NRG is making the Tender Offer only in those jurisdictions where it is legal to do so.

NRG Energy, Inc. Announces Extension of Early Tender Date and an Increase to the Maximum Tender Amount Relating to its Tender Offers

Retrieved on: 
Monday, November 20, 2023
Other Energy, Utilities, Oil, Gas, Coal, Alternative Energy, Energy, Nuclear, NYSE, Mini-tender offer, NRG Energy, BMO Capital Markets, Tender offer, Personal Information Agent, Expiration, Tender, NRG, Expiration date, Cryptocurrency, Security (finance), Note

The Tender Offer is being made pursuant to the Offer to Purchase, dated November 6, 2023 (the “Offer to Purchase”).

Key Points: 
  • The Tender Offer is being made pursuant to the Offer to Purchase, dated November 6, 2023 (the “Offer to Purchase”).
  • NRG is extending the previously announced early tender date of 5:00 p.m., New York City time, on November 20, 2023 to 5:00 p.m., New York City time, on November 22, 2023 (such extended time and date, the “Extended Early Tender Date”).
  • NRG also announced that it has increased the Maximum Tender Amount from $600 million to $620 million (the “Increased Maximum Tender Amount”).
  • Except for the changes with respect to the Extended Early Tender Date, the Extended Withdrawal Date, and the Increased Maximum Tender Amount, there are no other modifications being made with respect to the Tender Offer as set forth in the Offer to Purchase.

NRG Energy Announces Leadership Changes

Retrieved on: 
Monday, November 20, 2023
Environment, Other Energy, Utilities, Oil, Gas, Coal, Alternative Energy, Sustainability, Energy, Nuclear, EBITDA, Binatone, NYSE, StarTex Power, Security (finance), Entrepreneurship, NRG Energy, Interim, Cenovus Energy, Investment, Region, Committee, Operation Active Endeavour, Pourbaix diagram, Dynegy, NRG, Management, Renewable energy, Nest, Growth, Vivint, Alphabet

NRG Energy, Inc. (NYSE: NRG) (“NRG” or the “Company”) today announced that Lawrence Coben, Ph.D., Chair of the NRG Board of Directors, has been appointed Interim President and Chief Executive Officer and that Mauricio Gutierrez, NRG’s President and Chief Executive Officer, has departed the Company and resigned from the Board.

Key Points: 
  • NRG Energy, Inc. (NYSE: NRG) (“NRG” or the “Company”) today announced that Lawrence Coben, Ph.D., Chair of the NRG Board of Directors, has been appointed Interim President and Chief Executive Officer and that Mauricio Gutierrez, NRG’s President and Chief Executive Officer, has departed the Company and resigned from the Board.
  • The NRG Board has initiated a search to identify a permanent CEO and retained a leading search firm to assist with this process.
  • “Today, NRG is in a position of strength,” Dr. Coben said.
  • Their expertise will help ensure we capture the value we create by offering a smarter, cleaner and more digitally enhanced energy ecosystem.

NRG Energy Celebrates Business Customers During Fourth Annual Excellence in Energy Awards

Retrieved on: 
Thursday, November 16, 2023
Environment, Other Energy, Utilities, Oil, Gas, Coal, Alternative Energy, Sustainability, Energy, Nuclear, Hydrogen, NRG Energy, NYSE, NRG

NRG Energy, Inc. (NYSE: NRG) honored some of its top energy customers today for their leadership in community, sustainability, and energy efficiency during the fourth annual Excellence in Energy Awards.

Key Points: 
  • NRG Energy, Inc. (NYSE: NRG) honored some of its top energy customers today for their leadership in community, sustainability, and energy efficiency during the fourth annual Excellence in Energy Awards.
  • The Excellence in Energy Awards recognizes NRG customers who demonstrate a strong commitment to the planning and achievement of their environmental and community goals.
  • Through the annual celebration of these awards, NRG is showcasing customer accomplishments that are powering a brighter future and creating a better world for our communities.
  • “We want to honor our customers for their passion to inspire change by optimizing their energy solutions and giving back to the community,” said Robert Gaudette, Executive Vice President of NRG Business.

700 LATINO LEADERS GATHER AT THE UNITED NATIONS TO AGREE ON THEIR COMMON AGENDA FOR A CRITICAL YEAR TO COME

Retrieved on: 
Wednesday, December 6, 2023
P&G, City National Bank, IBM, JPMorgan Chase, Advertising, Eli Lilly, Publicis, Hispanic, World Games, Sustainability, Bank, Synchrony, Heart, Telemundo, Anheuser-Busch, Summit, Yum! Brands, Content, Ashoka, GLAAD, Eye, Salesforce, Teach For America, Paramount, Revolution, Directory, Beam Suntory, AARP, For America, Workplace, SVP, Dallas Regional Chamber, Toronto-Dominion Bank, Safe space, USTA, Lyft, Ally, Gold medal, BMS, Walmart, Wells Fargo, Perindopril, NRG, Nightclub, Management, Bottled water, Latino, PepsiCo, Nationwide, Northwell Health, Aeroméxico, U.S. Bancorp, Organon, Coca-Cola

NEW YORK, Dec. 6, 2023 /PRNewswire/ -- The We Are All Human Foundation  kicked off today the sixth Hispanic Leadership Summit, bringing together leaders from the public, private and non-profit sectors to create an annual agenda designed to advance the prosperity, power and progress of Latinos.

Key Points: 
  • The programming includes the implementation of playbooks, resources and toolkits to equip corporate America and other players to create robust Latino strategies.
  • "The Hispanic Leadership Summit has become an important part of how the We Are All Human Foundation works to unite the Latino community in order to advance the Latino path to progress.
  • The critical issues for our community remain changing perceptions and representation.
  • For two days, some of America's best corporations meet with community and non-profit organizations to share learnings and build consensus around priorities and programs.

Fans to Meet World’s Best Riders Face-to-Face With the Launch of the First-ever Track Cycling Metaverse Experience

Retrieved on: 
Wednesday, November 8, 2023
Technology, General Sports, Entertainment, Metaverse, Biking, Cycling, Media, General Entertainment, Celebrity, Sports, Public Relations, Investor Relations, Digital Marketing, Advertising, Communications, Content Marketing, 2007 Six Days Track Cycling Events, Desktop, 2021 UCI Track Champions League, Smartphone, Sport, Heart rate, GCN, History, UCI World Championships, Face, Warner Bros. Discovery Sports, Athlete, UCI, Android, 2008–09 UCI Track Cycling World Cup Classics – Round 4 – Women's individual pursuit, Growth, Partnership, Behind-the-scenes, Greeting, IOS, NRG, Infinite Paths to Infinite Reality, Warner Bros., Back on Track (Billy Craddock album), Amusement park, Nightclub, Tourism, Video game

Discovery Sports Europe, the metaverse experience utilises Web3 technology to bring a wealth of on-demand content to fans worldwide.

Key Points: 
  • Discovery Sports Europe, the metaverse experience utilises Web3 technology to bring a wealth of on-demand content to fans worldwide.
  • It will provide an innovative way for new and existing audiences to deepen their understanding of track cycling and its athletes.
  • Fans can take part by downloading the UCI Track Champions League-Verse from the Apple App Store to complete a simple free registration process.
  • Fans can catch up on all the action from Rounds 1 and 2 and learn more by visiting ucitrackchampionsleague.com .

Carvana and NRG Debut Customized Mobile Content Studio Ahead of Inaugural Rocket League Combine on November 11-12

Retrieved on: 
Wednesday, November 8, 2023
Sports, eSports, Automotive, Online Retail, Technology, Women, Men, General Automotive, Retail, Internet, Consumer, Ageing, SUV, News, Athlete, Multimedia, Dub, Network, Partnership, Combine, NRG, Video game, Sport, Rocket League, Carvana

Carvana, an industry pioneer for buying and selling used cars online, and esports authority NRG have announced the inaugural Carvana | NRG Combine event in search of the world’s next Rocket League pro.

Key Points: 
  • Carvana, an industry pioneer for buying and selling used cars online, and esports authority NRG have announced the inaugural Carvana | NRG Combine event in search of the world’s next Rocket League pro.
  • Stationed at NRG's downtown LA headquarters, the SUV will be on site for the inaugural Carvana | NRG Combine, adding an extra element of excitement to this year’s event.
  • View the full release here: https://www.businesswire.com/news/home/20231108584149/en/
    Carvana, Team NRG debut the custom-wrapped 'Dub Wagon', to serve as a mobile production hub for fan engagement.
  • For news and updates ahead of the Carvana | NRG Combine on November 11, 2023, follow Carvana, NRG, and NASEF’s social media channels @gocarvana , @nrggram , and @naseffgg .

NRG Energy, Inc. Announces Cash Tender Offers for Up to $600 Million Aggregate Principal Amount of its Outstanding 3.875% Senior Notes due 2032, 3.625% Senior Notes due 2031 and 3.375% Senior Notes due 2029

Retrieved on: 
Monday, November 6, 2023
Other Energy, Utilities, Oil, Gas, Coal, Alternative Energy, Energy, Nuclear, Tender offer, Tender, BMO Capital Markets, Expiration, Priority, Information, Mini-tender offer, Date, Accrued interest, NRG, Personal Information Agent, Expiration date, Cryptocurrency, Security (finance), Note

Holders of Notes who validly tender their Notes after the Early Tender Date but at or prior to the Expiration Date will not be eligible to receive the Early Tender Payment and will therefore only be eligible to receive the applicable Tender Offer Consideration.

Key Points: 
  • Holders of Notes who validly tender their Notes after the Early Tender Date but at or prior to the Expiration Date will not be eligible to receive the Early Tender Payment and will therefore only be eligible to receive the applicable Tender Offer Consideration.
  • The Tender Offer is not conditioned upon the tender of any minimum principal amount of Notes of such series or of the other series.
  • King & Co., Inc., the tender agent and information agent for the Tender Offer (the “Tender and Information Agent”).
  • NRG is making the Tender Offer only in those jurisdictions where it is legal to do so.

NRG Energy, Inc. Announces $950 Million Accelerated Share Repurchase

Retrieved on: 
Monday, November 6, 2023
Other Energy, Utilities, Oil, Gas, Coal, Alternative Energy, Energy, Nuclear, ASR, NRG, Share repurchase, NRG Energy, NYSE, Car rental, Security (finance)

NRG Energy, Inc. (NYSE:NRG) announced today that it has entered into accelerated share repurchase (“ASR”) agreements with multiple dealers to repurchase $950 million of NRG’s common stock.

Key Points: 
  • NRG Energy, Inc. (NYSE:NRG) announced today that it has entered into accelerated share repurchase (“ASR”) agreements with multiple dealers to repurchase $950 million of NRG’s common stock.
  • Under the ASR agreements, NRG will pay $950 million to the dealers and receive shares of NRG’s common stock from each dealer on the specified settlement dates.
  • NRG expects to receive over 80% of the shares to be repurchased during the initial settlement period.
  • The total number of shares purchased by NRG pursuant to the ASR agreements will generally be based on the volume-weighted average prices of NRG’s common stock during the term of each ASR agreement, less a discount.

NRG Energy, Inc. Reports Third Quarter Results

Retrieved on: 
Thursday, November 2, 2023
Other Energy, Utilities, Oil, Gas, Coal, Alternative Energy, Energy, Nuclear, STP, Sale, Policy, Tax, Unit, EBITDA, Share repurchase, GAAP, Growth, Risk management, Retirement, NRG, Commercial property, Car rental, Bank

In June 2023, NRG revised its long-term capital allocation policy to target approximately 80% of cash available for allocation to be returned to shareholders, after debt reduction.

Key Points: 
  • In June 2023, NRG revised its long-term capital allocation policy to target approximately 80% of cash available for allocation to be returned to shareholders, after debt reduction.
  • NRG is increasing its 2023 share repurchase allocation from $997 million to $1.15 billion following strong year-to-date financial and operational performance, and the sale of Gregory.
  • NRG will only repurchase shares when management believes it would not jeopardize the Company’s ability to maintain satisfactory credit ratings.
  • During the second quarter of 2022, the Company announced the planned retirement of the Joliet generating facility in 2023.