Electric Utilities M&A » By The Online Investor Staff, updated Fri., Apr. 19, 3:20 AM
Recent mergers and acquisitions in the Electric Utilities M&A category.
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Slide #6. NRG Energy, Inc. — Substantially all the assets of Edison Mission Energy and the competitive retail electricity business of Dominion Resources, Inc.
Acquirer:
NRG Energy, Inc. (NYSE:NRG)
Acquiree:
Substantially all the assets of Edison Mission Energy and the competitive retail electricity business of Dominion Resources, Inc.
Details:
NRG Energy, Inc. (NYSE:NRG) has completed its previously announced strategic acquisitions of substantially all the assets of Edison Mission Energy (EME) and the competitive retail electricity business of Dominion Resources, Inc. (NYSE:D) for $2,635 million and $165 million, respectively, both excluding transaction adjustments for cash and working capital. With the closing of these two transactions, NRG advances its overall strategy of enhancing its generation fleet, expanding its retail business and growing its green portfolio.
NRG Energy is a consumer services company. Co. is engaged in producing and selling energy and related products and services. Co. sells power, natural gas, and home and power services, and develops sustainable solutions, under the brand names NRG, Reliant, Direct Energy, Green Mountain Energy, Stream and XOOM Energy. Co.'s segments are: Texas, which includes all activity related to customer, plant and market operations in Texas, other than Cottonwood Generating Station; East, which includes all activity related to customer, plant and market operations in the East; and West/Services/Other, which includes all activity related to customer, plant and market operations in the West and Canada.
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Avg. Broker Rec.
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Buy (3.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: NRG Stock Forecast Based on Zacks ABR data; powered by Xignite |
