Investors News Release
|View printer-friendly version|
NRG Energy Announces Plan to Repurchase Common Stock as First Part of its 2015 Capital Allocation Plan
“In the collective view of NRG's management and directors, NRG stock
represented a compelling value proposition even before the recent market
weakness and the share price in no way reflects fairly either the
existing value proposition or our exciting growth prospects across the
full range of NRG businesses,“ said
The purchase of common stock will be made using cash on hand with no defined timeframe 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 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. Connect with NRG Energy on Facebook and follow us on Twitter @nrgenergy and @NRGMedia.
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. 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. 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 Securities and Exchange
Commission Form 10-K for the year ended
NRG Energy, Inc.
Karen Cleeve, 609-524-4608
Chad Plotkin, 609-524-4526