NRG Energy, Inc.

NRG Energy, Inc.

NRG Energy, Inc.

Overview
Date Founded

1992

Headquarters

804 Carnegie Center,Princeton, NJ 08540-6213

Type of Company

Public

Employees (Worldwide)

4,577

Industries

Power & Utilities
Alternative Energy
Appliances & Electronics

Company Description

NRG Energy, Inc. engages in the production, sale, and distribution of energy and energy services. Its wholesale operations include plant operations, commercial operations, EPC, energy services and other critical related functions. It operates through the following segments: Generation, Retail, and Corporate. The Generation segment includes all power plant activities, domestic and international, as well as renewables. The Retail segment includes mass customers and business solutions, which includes C&I customers and other distributed and reliability products. The Corporate segment includes residential solar and electric vehicle services. The company was founded in 1989 and is headquartered in Princeton, NJ.

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Executives & Employees

President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Executive Vice President & General Counsel

Senior Vice President & General Counsel

Chief Development Officer & Executive Vice President

Senior Vice President & Chief Accounting Officer

Retail Regional President, Texas

President-West Region & Senior Vice President

Executive Vice President-Operations

Senior Vice President-Administration

Board of Directors

Former Senator from Michigan

Founding Partner at Genesis Park LP

Director at Solar Power Partners, Inc.

Chief Executive Officer & Director at Aryaka Networks, Inc.

President, Chief Executive Officer & Director at Arcosa, Inc.

President & Chief Executive Officer at NRG Energy, Inc.

Chief Digital Health & Analytics Officer at Humana, Inc.

Brookfield Infrastructure Partners LP

Former Chief Financial Officer & Partner at Perella Weinberg Partners LP

Paths to NRG Energy, Inc.
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NRG Energy, Inc.
Owners & Shareholders
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PIM's analysis of the financial markets is generally based on fundamental analysis and research, but also includes quantitative elements. Their research is focused on developing both a top-down view of broader market performance and a bottom-up outlook for individual securities. PIM's computer-based models are designed to analyze a variety of financial data from various sources and generate investment selections. They rely on research generated in-house which is tailored to the precise needs of our investment professionals. External research is also used - for example, to evaluate consensus views and to augment the research process. In managing assets, PIM has the flexibility to invest in securities and other financial instruments of almost any type (including both cash securities, such as stocks and bonds, and derivative instruments, such as swaps, futures, forwards, and options).

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Los Angeles Capital employs a quantitative approach to identify securities and construct portfolios. Most of their accounts generally fall within one of the following equity investment strategies: US equities, Emerging Markets equities, Global equities, Developed Markets outside the US equities, and long/short equities. Los Angeles Capital invests assets amongst a wide variety of public equity strategies designed to meet institutional client return and risk objectives. The firm utilizes their Proprietary Investment Model Technology across each of the strategies. It employs a factor-based approach, rigorously measuring and analyzing fundamental, sector, and country variables that Los Angeles Capital believes are important to investors as they buy and sell securities.

Recent Transactions
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Entergy Corporation, Entergy Mississippi, Inc. purchase NRG Wholesale Generation LP /Choctaw Plant from NRG Energy, Inc.

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NRG Energy, Inc., NRG Retail LLC purchase Stream Gas & Electric Ltd. /Retail Electricity & Gas Business from Stream Gas & Electric Ltd.

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Cleco Corporate Holdings LLC, Cleco Cajun LLC purchase NRG South Central Generating LLC from NRG Energy, Inc.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onCleco Corporate Holdings LLC, Cleco Cajun LLC purchase NRG South Central Generating LLC from NRG Energy, Inc.

Accountant

Advised onXcel Energy, Inc. purchases NRG Energy, Inc.

Legal Advisor

Advised onNRG Energy, Inc. purchases Texas Genco Holdings, Inc. from NRG Texas LLC

Legal Advisor

Advised onCleco Corporate Holdings LLC, Cleco Cajun LLC purchase NRG South Central Generating LLC from NRG Energy, Inc.

Legal Advisor

Advised onCleco Corporate Holdings LLC, Cleco Cajun LLC purchase NRG South Central Generating LLC from NRG Energy, Inc.

Legal Advisor

Advised onNRG Energy, Inc. purchases Texas Genco Holdings, Inc. from NRG Texas LLC

Advisors & Consultants
Legal Advisor

Deputy Chair, Bankruptcy & Corporate Reorganization Department at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Legal Advisor

Partner at Chadbourne & Parke LLP

Legal Advisor

Partner at Sidley Austin LLP

Clients

OGE Energy Corp. is a holding company, which engages in the provision of physical delivery and related services for both electricity and natural gas. It operates through the Electric Utility and Natural Gas Midstream Operations segments. The Electric Utility segment generates, transmits, distributes, and sells electric energy in Oklahoma and Western Arkansas. The Natural Gas Midstream Operations segment involves gathering, processing, transporting, storing, and marketing of natural gas. The company was founded in August 1995 and is headquartered in Oklahoma City, OK.

Oklahoma Gas & Electric Co. generates, transmits, distributes, and sells electric energy in Oklahoma and western Arkansas. It owns and operates coal-fired, natural gas-fired, and wind-powered generating facilities. The company provides energy management solutions to the company's customers through the smart grid program. Oklahoma Gas & Electric was founded on February 27, 1902 and is headquartered in Oklahoma City, OK.

New York Independent Systems Operator, Inc. provides electricity transmission services. It offers ancillary, regulation, market training, financial, customer relationship, and transmission congestion contract services. The company was founded in April 1997 and is headquartered in Rensselaer, NY.

Key Stats and Financials As of 2019
Market Capitalization
$8.36B
Total Enterprise Value
$15.7B
Earnings Per Share
$15.64
Revenue
$9.69B
EBITDAMargin
16.94%
Net Profit
$4.13B
EBITDA
$1.64B
Total Debt
$6.45B
Total Equity
$1.68B
TEVNet Income
3.81x
Debt TEV
0.41x
Enterprise Value EBITDAOperating
9.25x
Enterprise Value Sales
1.63x
Non-Profit Donations & Grants
$5,000 - $10K
2009
$1,000 - $1,999
2008
$1M
2001
Political Donations
$1,500
2014
$4,100
2014
Investments
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eSolar, Inc. engages in the development of modular, scalable concentrating solar power (CSP) technology. It develops concentrating solar power technology based on a unique modular architecture and high volume, automotive like, design-for-cost methodology. The company was founded in 2007 and is headquartered in Burbank, CA.

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EnTouch Controls, Inc. engages in the provision of smart building solutions and managed services. It offers enterprise visibility, connectivity and control, and asset optimization solutions. It serves retail, restaurants, commercial real estate, hospitality, healthcare, and education industries. The company was founded by Iftekhar Hasan, James Walton and Greg Fasullo and in 2008 and is headquartered in Richardson, TX.

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EcoFactor, Inc. provides personalized residential energy management solutions. Its services include proactive energy efficiency, optimized demand response and HVAC performance monitoring. The firm powers residential energy saving services through its integrated SaaS platform. The company was founded by Scott Hublou and John Steinberg in 2006 and is headquartered in Redwood, CA.

Suppliers
Westmoreland Coal Company Coal | Englewood, Colorado

Westmoreland Coal Co. engages in the production and selling of coal. It operates through the following segments: Coal-U.S., Coal-Canada, Coal-WMLP, Power, Heritage, and Corporate. The Coal-U.S. segment includes the operations of coal mines located in Montana, North Dakota, Texas, and New Mexico. The Coal-Canada segment offers operations of coal mines located in Alberta and Saskatchewan. The Coal-WMLP segment involves in the operations of Westmoreland Resource Partners, LP. The Power segment consists of Roanoke Valley Power Facility (ROVA) operations located in North Carolina. The Heritage segment comprises of the benefits the company provides to former mining operation employees. The Corporate segment focuses in the corporate administrative and business development expenses. The company was founded in 1854 and is headquartered in Englewood, CO.

Primoris Services Corp. Power & Utilities | Dallas, Texas

Primoris Services Corporation was established in 2004 as the umbrella entity for a group of exceptional companies that share a strong common culture and values. The vision of our company lead founder, Brian Pratt, was to establish a dedicated group of construction/engineering professionals that would provide our clients with a competitive advantage by delivering services of unmatched value, thereby enhancing shareholder and employee interests, while maintaining the highest standards of integrity, safety and quality. This vision is defined by the Core Values that form the basic foundation of our Company culture.

TRC Cos., Inc. Power & Utilities | Lowell, MA

TRC Cos., Inc. provides technology-enabled solutions to the power, oil and gas, environmental, and infrastructure markets. The firm provides air quality, building sciences and industrial hygiene, coal ash, and construction management. The firm services include planning, field and inspection, operations, and procurement. It offers unparalleled environmental, consultative, engineering and applied technology experience. The company was founded in 1961 and is headquartered in Lowell, MA.

Awards & Honors
Rank #193
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #193
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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