New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 19, 2014
08:11 EDTEIX, NRGNRG Energy, Edison Mission Energy merger receives FERC approval
NRG Energy (NRG) and Edison Mission Energy, a unit of Edison International (EIX), jointly announced that the Federal Energy Regulatory Commission has approved the previously announced sale of substantially all of EME’s assets to NRG. The acquisition of EME’s portfolio of renewable and conventional generation assets will create a power company with enough capacity to support nearly 48M American homes. EME will add nearly 8K megawatts of generating capacity to the combined company’s portfolio of both conventional and wind generation facilities. The FERC approval represents the final regulatory authorizations required to close the transaction and parties expect to close the transaction on April 1.
News For NRG;EIX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
June 30, 2015
10:01 EDTEIXOn The Fly: Analyst Initiation Summary
Subscribe for More Information
June 29, 2015
17:04 EDTEIXEdison International initiated with a Neutral at Mizuho
Subscribe for More Information
June 25, 2015
08:20 EDTEIXEdison International weakness overdone, says SunTrust
Subscribe for More Information
June 24, 2015
15:31 EDTEIXEdison International puts active as shares pullback
Subscribe for More Information
June 23, 2015
08:04 EDTNRGNRG Renew to develop 20MW solar energy facility for Cisco
Subscribe for More Information
June 19, 2015
06:49 EDTNRGNRG Energy shares recommended at Credit Suisse
Subscribe for More Information
June 18, 2015
08:05 EDTNRGNRG Yield to acquire GE EFS' 25% interest in Desert Sunlight Solar Farm
NRG Yield, Inc. (NYLD), through its subsidiary NRG Yield Operating LLC, has entered into an agreement with GE Unit (GE) GE Energy Financial Services to acquire its 25% interest in the Desert Sunlight Solar Farm in Riverside, CA for $285M subject to customary working capital adjustments, plus the assumption of $287.4M of non-recourse project level debt. The acquisition, which provides NRG Yield with a total ownership of 137.5 megawatts of operating solar capacity, will place NRG Yield into a partnership with subsidiaries of NextEra Energy (NEE) and Sumitomo Financial (SMFG), who are the 50% and 25% owners of Desert Sunlight, respectively. The transaction is expected to increase both the annual run-rate EBITDA by approximately $45M and cash available for distribution by approximately $22M by 2016. NRG Yield expects to close the transaction by June 30, 2015. The transaction is subject to customary closing conditions, including approvals by the Federal Energy Regulatory Commission and notice of the acquisition to the California Public Utilities Commission. With this acquisition, NRG Yield now owns nearly 600 megawatts of solar generation. NRG Yield is supported by its parent, NRG Energy (NRG), which owns and operates approximately 1.2 gigawatts of solar generation, thus implying a combined solar portfolio of 1.8 gigawatts.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use