Investors News Release
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NRG Energy Reduces Annual Loan Interest Expense by $12 Million
“The successful repricing of NRG’s term loan will result in annual
interest expense savings of approximately
About NRG
NRG is at the forefront of changing how people think about and use
energy. We deliver cleaner and smarter energy choices for our customers,
backed by the nation’s largest independent power generation portfolio of
fossil fuel, nuclear, solar and wind facilities. A Fortune 300 company,
NRG is challenging the U.S. energy industry by becoming the largest
developer of solar power, building the first privately-funded electric
vehicle charging infrastructure, and providing customers with the most
advanced smart energy solutions to better manage their energy use. In
addition to 47,000 megawatts of generation capacity, enough to supply
nearly 40 million homes, our retail electricity providers – Reliant,
This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements are
subject to certain risks, uncertainties and assumptions and include
NRG’s expectations regarding interest savings and the anticipated
benefits of the transaction between NRG and GenOn. Forward-looking
statements typically can be identified by the use of words such as
“will,” “expect,” “believe,” and similar terms. 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, among others, general
economic conditions, hazards customary in the power industry, the
ability to realize anticipated benefits of the transaction (including
expected cost savings and other synergies) or the risk that anticipated
benefits may take longer to realize than expected, and financial and
economic market conditions. NRG undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. The foregoing review of factors
that could cause NRG’s actual results to differ materially from those
contemplated in the forward-looking statements included in this news
release should be considered in connection with information regarding
risks and uncertainties that may affect NRG’s future results included in
NRG’s filings with the
Source:
NRG Energy, Inc.
Media:
Lori Neuman, 609-524-4525
or
Dave
Knox, 713-537-2130
or
Investors:
Chad Plotkin,
609-524-4526
or
Stefan Kimball, 609-524-4527