Eight Pennsylvania and New Jersey Nonprofits Share $100K in Donations from “NRG Gives” Program
Eight nonprofits from Pennsylvania and New Jersey collectively received $100,000 in donations after NRG, a leading consumer services and energy company, recently announced the results of its annual charitable-giving program, NRG Gives.
NRG Energy Honors Business Customers During Fifth Annual Excellence in Energy Awards
NRG Energy, Inc. (NYSE:
NRG) celebrated some of its top energy customers today for their remarkable efforts in community, sustainability, and energy efficiency during the fifth annual Excellence in Energy Awards.
NRG, Renew Home and Google Cloud Announce Partnership
NRG Energy Inc. (NYSE:
NRG) today announced it is partnering with Renew Home, a leading virtual power plant (VPP) company to boost its residential VPP capabilities. Together, NRG and Renew Home aim to distribute hundreds of thousands of VPP-enabled smart thermostats by 2035 and create a nearly 1 GW AI-powered VPP – enabled by Google Cloud technology – to improve the Texas grid's resiliency and help households manage and lower their energy costs.
NRG Energy, Inc. Announces Pricing of Tender Offer for any and all of 6.75% Senior Secured Notes due 2027 issued by APX Group, Inc.
NRG Energy, Inc. (NYSE:
NRG) announced today the pricing terms of the previously announced offer to purchase for cash (the “Tender Offer”) for any and all of the outstanding 6.75% senior secured notes due 2027 (the “Notes”) issued by APX Group, Inc. (“APX”), a wholly-owned subsidiary of NRG. The Tender Offer is being made pursuant to the terms and subject to the conditions set forth in the offer to purchase and consent solicitation statement, dated October 15, 2024 (the “Offer to Purchase and Consent Solicitation Statement”).
NRG Energy, Inc. Announces Early Results of Exchange Offer and Consent Solicitation for any and all of the 5.75% Senior Notes due 2029 issued by APX Group, Inc.
NRG Energy, Inc. (NYSE:
NRG) announced today the early results of its previously announced offer to exchange (the “Exchange Offer”) any and all outstanding 5.75% Senior Notes due 2029 (the “Existing APX Unsecured Notes”) issued by APX Group, Inc. (“APX”) for new notes to be issued by NRG (the “New NRG Exchange Notes”) and cash.
NRG Energy, Inc. Announces Early Results of Cash Tender Offer and Consent Solicitation for any and all of the 6.75% Senior Secured Notes due 2027 issued by APX Group, Inc.
NRG Energy, Inc. (NYSE:
NRG) announced today the early results of the previously announced offer to purchase for cash (the “Tender Offer”) for any and all of the outstanding 6.75% senior secured notes due 2027 (the “Notes”) issued by APX Group, Inc. (“APX”), a wholly-owned subsidiary of NRG.
NRG Energy, Inc. Announces Upsizing and Pricing of Senior Notes due 2033 and Senior Notes due 2034
NRG Energy, Inc. (NYSE:
NRG) has priced its offering of $1,875 million in aggregate principal amount of senior unsecured notes, consisting of (i) $925 million aggregate principal amount of 6.00% senior notes due 2033 (the “2033 Notes”) and (ii) $950 million aggregate principal amount of 6.25% senior notes due 2034 (the “2034 Notes” and, together with the 2033 Notes, the “Notes”). The aggregate principal amount of the offering was increased from the previously announced offering size of $1,500 million.
NRG Energy, Inc. Announces Offering of Senior Notes due 2033 and Senior Notes due 2034
NRG Energy, Inc. (NYSE:
NRG) announced the commencement of an offering of $1,500 million in aggregate principal amount of senior unsecured notes in two tranches, consisting of (i) senior notes due 2033 (the “2033 Notes”) and (ii) senior notes due 2034 (the “2034 Notes” and, together with the 2033 Notes, the “Notes”). The Notes will be guaranteed by each of NRG’s current and future subsidiaries that guarantee indebtedness under NRG’s credit agreement.
NRG Energy, Inc. Announces Exchange Offer and Consent Solicitation for any and all of APX Group, Inc.’s outstanding 5.75% Senior Notes due 2029
NRG Energy, Inc. (NYSE:
NRG) announced today the commencement of an offer to exchange (the “Exchange Offer”) any and all outstanding 5.75% Senior Notes due 2029 (the “Existing APX Unsecured Notes”) issued by APX Group, Inc. (“APX”) for new notes to be issued by NRG (the “New NRG Exchange Notes”) and cash, as set forth in the table below.
NRG Energy, Inc. Announces Cash Tender Offer and Consent Solicitation for any and all of APX Group, Inc.’s outstanding 6.75% Senior Secured Notes due 2027
NRG Energy, Inc. (NYSE:
NRG) announced today that its wholly-owned subsidiary, APX Group, Inc. (“APX”), has commenced an offer to purchase for cash (the “Tender Offer”) any and all of APX’s outstanding 6.75% senior secured notes due 2027 (the “Notes”), of which $600 million aggregate principal amount is currently outstanding.
NRG Energy, Inc. Announces Quarterly Dividend
NRG Energy, Inc. (NYSE:
NRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.4075 per share, or $1.63 per share on an annualized basis. The dividend is payable on November 15, 2024, to stockholders of record as of November 1, 2024.
NRG Energy Celebrates 17th Annual Volunteer Week with One Million Meals
NRG Energy, Inc.’s (NYSE:
NRG) 17th annual positiveNRG Impact Week united thousands of employees in 30 cities and provinces across the United States and Canada to provide one million meals for local nonprofits. From September 16-20, the NRG family worked to combat food insecurity in their communities, packing, sorting, and preparing an estimated 1.2 million pounds of food for individuals and families in need.
NRG Energy, Inc. Reports Second Quarter Results and Reaffirms 2024 Financial Guidance
NRG Energy, Inc. (NYSE:
NRG) today reported second quarter 2024 Net Income of $738 million. Adjusted EBITDA for the second quarter was $935 million, Cash Provided by Operating Activities was $1,056 million, and Free Cash Flow Before Growth Investments (FCFbG) was $663 million.
NRG Appoints Lawrence Coben as President and Chief Executive Officer
NRG Energy, Inc. (NYSE:
NRG) (“NRG” or the “Company”) today announced the appointment of Lawrence Coben, Ph.D., as President and Chief Executive Officer. Dr. Coben has been serving as Interim Chief Executive Officer since November 20, 2023. He was appointed Chair of the NRG Board of Directors in 2017 and will continue as Chair of the Board as part of his new role.
NRG and Reliant Support Houston-Area Food Banks Impacted by Hurricane Beryl with $100,000 Commitment
NRG and Reliant are providing $100,000 to local food banks and nonprofits to support Houstonians in need following Hurricane Beryl. The storm’s significant impact on the Greater Houston community brought into focus how much our neighbors depend on these organizations, which continue to experience increased demand. Ten nonprofits will each receive $10,000.
New Poll Finds Massachusetts Voters Strongly Support Maintaining Competitive Electric Supply Market
A new poll has been released showing significant opposition to legislation that would eliminate the competitive electric supply market, with voters expressing strong support for maintaining competition and preventing a utility monopoly in Massachusetts.
NRG Energy, Inc. Announces Quarterly Dividend
NRG Energy, Inc. (NYSE:
NRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.4075 per share, or $1.63 per share on an annualized basis. The dividend is payable on August 15, 2024, to stockholders of record as of August 1, 2024.
NRG Commits $2 Million in Hometown Support Following Hurricane Beryl
As recovery efforts in Houston continue following the widespread destruction from Hurricane Beryl, today NRG Energy announced a commitment of $2 million to provide near and long-term disaster relief. The funding includes support for customer bill payment assistance, a four-county recovery fund, employee relief and charitable donations.
NRG Energy, Inc. to Report Second Quarter 2024 Financial Results on August 8, 2024
NRG Energy, Inc. (NYSE:
NRG) plans to report its Second Quarter 2024 financial results on Thursday, August 8, 2024. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST).
Can Southwest Airlines Stock Truly Rally 77% on Activist Plans?Southwest Airlines new activist investor thinks the stock could rally by 77%, here is why that target may actually be on the conservative end
NRG Applies to the Texas Energy Fund to Bring Essential Dispatchable Power to ERCOT
Today, NRG Energy Inc. (NYSE:
NRG) submitted the first of three loan applications to the Texas Energy Fund (TEF) to develop the previously announced 1,600 megawatts (MW) (1.6 Gigawatts) of new quick-start natural gas power generation in the Electric Reliability Council of Texas (ERCOT). The TEF is administered by the Public Utility Commission of Texas (PUCT).
Vistra Co. is a Utility that Trades Like Meme StockIt’s hard to believe that a company in the utilities sector can be trading up 142.5%YTD, but it is for integrated retail electricity and power company Vistra Co
NRG Energy, Inc. Reports First Quarter Results and Reaffirms 2024 Financial Guidance
NRG Energy, Inc. (NYSE:
NRG) today reported first quarter 2024 Net Income of $511 million. Adjusted EBITDA for the first quarter was $849 million, Cash Provided by Operating Activities was $267 million, and Free Cash Flow Before Growth Investments (FCFbG) was $(40) million. Cash Provided by Operating Activities and FCFbG for the first quarter were primarily impacted by annual incentive payments, in addition to payment of Vivint Smart Home interest and seasonal inventory buildup in anticipation of the summer selling season.
