Investors News Release
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NRG Energy Announces Plan to Repurchase Additional Common Stock As Part of 2015 Capital Allocation Plan
“While we had planned to tie the unveiling of our 2015 capital
allocation plan to the receipt of proceeds from the next dropdown to
The purchase of common stock will be made using cash on hand and may be made from time to time as market conditions warrant and subject to regulatory considerations. This action does not foreclose the possibility of further or different capital allocation actions in the future.
NRG is leading a customer-driven change in the U.S. energy industry by
delivering cleaner and smarter energy choices, while building on the
strength of the nation’s largest and most diverse competitive power
portfolio. A Fortune 250 company, we create value through reliable and
efficient conventional generation while driving innovation in solar and
renewable power, electric vehicle ecosystems, carbon capture technology
and customer-centric energy solutions. Our retail electricity providers
serve almost 3 million residential and commercial customers throughout
the country. More information is available at www.nrg.com.
The information presented in this communication includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act. These statements involve expectations for the Company’s Capital Allocation Program, including the common stock buyback program and the Company’s ability to continue to pay dividends to its stockholders. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. The Company's share buyback program and common stock dividends are subject to available capital, market conditions, and compliance with associated laws and regulations. NRG undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Factors that could cause actual results to differ materially from those contemplated above include the “Risk Factors” in Item 1A of our Annual Report on Form 10-K for the year ended Dec. 31, 2014, which are incorporated herein by reference, as well as market conditions, securities regulations and capital available for allocation.
NRG Energy, Inc.
Marijke Shugrue, 609-524-5262
Matt Orendorff, 609-524-4526
Lindsey Puchyr, 609-524-4527