NRG ENERGY, INC. (NYSE:NRG) Files An 8-K Other Events
Item 8.01 Other Events.
OnDecember 12, 2018,the Federal Energy Regulatory Commission (FERC)approved the previously announced transaction between NRG andClecoCorporate Holdings LLC(Cleco). The transactionremains subject totheapproval of theLouisiana Public Service Commission (LPSC).NRG does not expect the LPSC to take action regarding the transaction in 2018 andanticipates a decision from the LPSCinthefirst quarter 2019. The transaction isexpected to close as soon as practical following an LPSC approval.
The agreement to sell NRG’s South Central Business toClecowas first announced on February 7, 2018 followingNRG andClecoenteringinto a Purchase and Sale Agreement forClecoto purchase NRG’s South Central business for a total purchase price and cash proceeds of$1.0 billion, subject to certain adjustments.
Cautionary Note Regarding Forward-Looking Information
Certain of the statements included in this Current Report on Form 8-K constitute “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In particular, they include statements relating to the anticipated timing of the closing of the transaction. These forward-looking statements are subject to a variety of risks and uncertainties. Such risks and uncertainties include, but are not limited to, the possibility that the closing conditions to the transaction may not be satisfied or waived in a timely manner or at all, including that a governmental entity may prohibit, delay or refuse to grant a necessary regulatory approval, as well as factors described from time to time in NRG’s reports filed with the SEC. Consequently, actual results and experience may materially differ from those contained in any forward-looking statements. NRG makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances occurring or existing after the date any forward-looking statement is made.
About NRG ENERGY, INC. (NYSE:NRG)
NRG Energy, Inc. (NRG) is an integrated power company that produces, sells and delivers energy, and energy products and services in various power markets in the United States. The Company’s segments include NRG Business, which includes power generation, the carbon capture business and energy services; NRG Home, which includes NRG Home Retail, which consists of residential retail services and products, and NRG Home Solar, which includes the installation and leasing of residential solar services; NRG Renew, which includes solar and wind assets, excluding those in the NRG Yield and NRG Home Solar segments; NRG Yield, and corporate activities. NRG Yield includes certain of the Company’s contracted generation assets. Its corporate segment includes Boston Energy Trading and Marketing LLC (BETM), international business and electric vehicle services. It owns and operates approximately 50,000 megawatts of generation, and engages in the trading of wholesale energy, capacity and related products.
