NRG and Genon to Merge in $1.7B deal

NRG AND GENON TO MERGE IN $1.7 B DEAL

Princeton, N.J.-based NRG Energy and Houston, Texas-based GenOn on Monday signed a definitive agreement to combine the two companies in a $1.7 billion stock-for-stock tax-free transaction. The merger will create "the largest competitive generator" in the U.S. with a fleet of about 47 GW and assets in the East, Gulf Coast, and West, and a combined enterprise value of $18 billion, the companies said. Read More »