NRG Energy, Inc. (NYSE:NRG) debuts its long-term growth plan at its 2015
Investor Meeting, walking the audience through how the traditional power
company plans to continue its transformation in a world trending towards
carbon constraints and personalized energy consumption. Themed “Win
Today, Win Tomorrow and Win the Future,” the meeting will be broadcast
via live stream accessible along with presentation materials at the link
below.
“Decentralized generation. Personal power. Clean energy. Freedom from
the constraints of being constantly tethered to the wall outlet. We have
a distinct point of view on where the energy industry needs to go and a
plan on how NRG helps lead the way,” said NRG CEO David Crane. “The
electric industry treats meters as its customers but it is people who
use energy and the energy consumers of the 21st Century want
all the benefits that new clean energy technology can provide.”
NRG will detail how it is capturing greater value today and into the
future as it leverages its traditional power generation business into a
purpose-driven, customer-obsessed, clean energy solutions company, able
to meet the energy demands of a new generation of industrial, commercial
and residential energy consumers. NRG will illustrate the significant
growth opportunity in addressing its sizable market across its unique
combination of solutions in the NRG Group of Companies: NRG Home, NRG
Business, NRG Renew, NRG eVgo, NRG Carbon 360 and NRG Yield.
“As 2015 represents a pivotal point for NRG in unlocking the value of
the NRG Group of Companies, it is essential that we provide our
investors a succinct and tangible means to remain confident in the value
proposition and free cash flow power of our legacy platforms as well as
the complementary and value-enhancing nature of our new initiatives,”
said Kirk Andrews, NRG CFO.
Details on NRG’s growth strategy will be delivered over the two-day
meeting and cover how NRG plans to increase EBITDA incrementally by
growing:
-
NRG Business capitalizing on wholesale generation retirement,
consolidating value, and leading the market in distributed generation;
-
NRG Home capitalizing on new products and services for the retail
market and the widespread and growing appeal of residential solar;
-
NRG Renew capturing opportunities in the high-growth distributed (C&I)
solar market;
-
NRG Carbon 360 leveraging societal demands for reduced greenhouse gas
emissions and bringing on-line a series of large-scale carbon-as-asset
events thus turning carbon into a productive asset;
-
NRG eVgo capitalizing on the need for a national, interoperable
charging infrastructure; and
-
NRG Yield capitalizing on its intrinsic growth pipeline.
“From capturing the solar value of rooftops to monetizing carbon, NRG is
showcasing its expertise in capturing value from the new generation of
clean energy technology.” Crane continued, “The companies best
positioned to win in this transformed environment are companies with an
established energy relationship with the customer, so long as energy
companies, like NRG, adapt to the new environment.”
Further, the same disruptive forces that have transformed industries
from telecommunications to media and entertainment are on the cusp of
impacting the energy industry. Sequences of creative market disruption
as seen in the digital and mobile age are often followed by substantial
value creation opportunities. Properly leveraged, technology and
cultural disruption can propel agile companies like NRG into positions
of strength as they capitalize on new markets and consolidate legacy
value along the way.
Presentation material and a live audio webcast will be available by
logging on to NRG’s website at http://www.nrg.com/
and clicking on “Presentations and Webcasts” under the “Investors”
section at the bottom of the home page. The webcast begins at 8 am
Central Time and will be archived on the site for those unable to listen
in real time.
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.
This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements are
subject to certain risks, uncertainties and assumptions and include
NRG’s expectations regarding its growth plan. Forward-looking statements
typically can be identified by the use of words such as “expect,”
“believe,” and similar terms. 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. Factors that could cause actual results to differ
materially from those contemplated above include, among others, general
economic conditions, hazards customary in the power industry,
competition in wholesale power markets, the volatility of energy and
fuel prices, failure of customers to perform under contracts, changes in
the wholesale power markets, changes in government regulation of markets
and of environmental emissions, and our ability to achieve the expected
benefits and timing of our growth plan. NRG undertakes no obligation to
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. The foregoing review of
factors that could cause NRG’s actual results to differ materially from
those contemplated in the forward-looking statements included in this
news release should be considered in connection with information
regarding risks and uncertainties that may affect NRG’s future results
included in NRG’s filings with the Securities and Exchange Commission at www.sec.gov.
Copyright Business Wire 2015