NRG Announces Plan to Repurchase Additional Common Stock as part of the 2015 Capital Allocation Plan
September 21 2015 - 4:41PM
Business Wire
NRG Energy, Inc. (NYSE:NRG) today announced the next phase of
the 2015 Capital Allocation Plan with authorization to repurchase
$251 million of its common stock, comprised of $51 million
remaining from the previously announced share repurchase program
and an additional $200 million. The authorization will be
implemented through a 10b5-1 trading plan immediately.
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.
About NRG
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. Connect with NRG Energy on
Facebook and follow us on Twitter @nrgenergy.
Safe Harbor
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 of 1934.
These statements involve expectations about the Company’s 2015
Capital Allocation Plan, including the common stock repurchase
plan. 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 repurchase program is 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150921006406/en/
NRG Energy, Inc.Media:Karen Cleeve, 609-524-262Marijke
Shugrue, 609-524-5262orInvestors:Chad Plotkin,
609-524-4526Lindsey Puchyr, 609-524-4527
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