NRG to Acquire 738 MW of Natural Gas Generation in Texas
NRG Energy (NYSE:NRG) has announced a definitive agreement to acquire six power generation facilities from Rockland Capital, for $560 million ($760 per kW). The acquisition adds 738 Megawatts of modern natural gas-fired capacity to NRG's Texas portfolio, including one combined-cycle unit and five peaker units.
The portfolio is approximately 50% hedged through 2028, with projected annual Adjusted EBITDA of $50-60 million through 2028 based on 2025 guidance power price assumptions (~$47/MWh ATC). The unhedged position implies annual Adjusted EBITDA of $70-80 million. The transaction, which is earnings-accretive, will be primarily funded through corporate debt without impacting NRG's capital allocation plan.
The acquisition is pending Hart-Scott-Rodino regulatory approval and is expected to close in Q2 2025.
NRG Energy (NYSE:NRG) ha annunciato un accordo definitivo per acquisire sei impianti di generazione di energia da Rockland Capital, per 560 milioni di dollari (760 dollari per kW). L'acquisizione aggiunge 738 Megawatt di capacità moderna a gas naturale al portafoglio Texas di NRG, inclusa un'unità a ciclo combinato e cinque unità di picco.
Il portafoglio è circa coperto al 50% fino al 2028, con un EBITDA rettificato annuale previsto di 50-60 milioni di dollari fino al 2028, basato sulle assunzioni dei prezzi dell'energia per il 2025 (~47 dollari/MWh ATC). La posizione non coperta implica un EBITDA rettificato annuale di 70-80 milioni di dollari. La transazione, che è accretiva per gli utili, sarà finanziata principalmente tramite debito aziendale senza influenzare il piano di allocazione del capitale di NRG.
L'acquisizione è in attesa dell'approvazione normativa Hart-Scott-Rodino e si prevede che si chiuda nel secondo trimestre del 2025.
NRG Energy (NYSE:NRG) ha anunciado un acuerdo definitivo para adquirir seis instalaciones de generación de energía de Rockland Capital, por 560 millones de dólares (760 dólares por kW). La adquisición añade 738 Megavatios de capacidad moderna de gas natural al portafolio de Texas de NRG, incluyendo una unidad de ciclo combinado y cinco unidades de pico.
El portafolio está aproximadamente cubierto al 50% hasta 2028, con un EBITDA ajustado anual proyectado de 50-60 millones de dólares hasta 2028, basado en las suposiciones de precios de energía para 2025 (~47 dólares/MWh ATC). La posición no cubierta implica un EBITDA ajustado anual de 70-80 millones de dólares. La transacción, que es accretiva para las ganancias, se financiará principalmente a través de deuda corporativa sin afectar el plan de asignación de capital de NRG.
La adquisición está pendiente de la aprobación regulatoria Hart-Scott-Rodino y se espera que se cierre en el segundo trimestre de 2025.
NRG 에너지 (NYSE:NRG)는 5억 6천만 달러 (kW당 760달러)에 Rockland Capital로부터 6개의 발전 시설을 인수하기 위한 확정 계약을 발표했습니다. 이번 인수는 NRG의 텍사스 포트폴리오에 738 메가와트의 현대적인 천연가스 발전 용량을 추가하며, 하나의 복합 사이클 유닛과 다섯 개의 피커 유닛을 포함합니다.
포트폴리오는 2028년까지 약 50% 헤지되어 있습니다, 2025년 가이드 전력 가격 가정을 기반으로 2028년까지 연간 조정 EBITDA가 5천만에서 6천만 달러로 예상됩니다 (~47달러/MWh ATC). 헤지되지 않은 포지션은 연간 조정 EBITDA가 7천만에서 8천만 달러를 의미합니다. 이번 거래는 수익을 증가시키며, NRG의 자본 할당 계획에 영향을 주지 않고 주로 기업 부채를 통해 자금을 조달할 것입니다.
이번 인수는 Hart-Scott-Rodino 규제 승인을 기다리고 있으며, 2025년 2분기에 마무리될 것으로 예상됩니다.
NRG Energy (NYSE:NRG) a annoncé un accord définitif pour acquérir six installations de production d'énergie de Rockland Capital, pour 560 millions de dollars (760 dollars par kW). Cette acquisition ajoute 738 mégawatts de capacité moderne à gaz naturel au portefeuille texan de NRG, comprenant une unité à cycle combiné et cinq unités de pointe.
Le portefeuille est couvert à environ 50% jusqu'en 2028, avec un EBITDA ajusté annuel projeté de 50 à 60 millions de dollars jusqu'en 2028, basé sur les hypothèses de prix de l'énergie pour 2025 (~47 dollars/MWh ATC). La position non couverte implique un EBITDA ajusté annuel de 70 à 80 millions de dollars. La transaction, qui est accretive pour les bénéfices, sera principalement financée par de la dette d'entreprise sans affecter le plan d'allocation de capital de NRG.
L'acquisition est en attente de l'approbation réglementaire Hart-Scott-Rodino et devrait se clôturer au deuxième trimestre 2025.
NRG Energy (NYSE:NRG) hat eine endgültige Vereinbarung zur Übernahme von sechs Stromerzeugungsanlagen von Rockland Capital für 560 Millionen Dollar (760 Dollar pro kW) bekannt gegeben. Die Übernahme fügt NRGs Texas-Portfolio 738 Megawatt moderne Erdgas-Kapazität hinzu, darunter eine GuD-Anlage und fünf Spitzenlastanlagen.
Das Portfolio ist bis 2028 zu etwa 50% abgesichert, mit einem prognostizierten jährlichen bereinigten EBITDA von 50-60 Millionen Dollar bis 2028, basierend auf den Annahmen der Strompreise für 2025 (~47 Dollar/MWh ATC). Die ungesicherte Position impliziert ein jährliches bereinigtes EBITDA von 70-80 Millionen Dollar. Die Transaktion, die gewinnsteigernd ist, wird hauptsächlich über Unternehmensschulden finanziert, ohne den Kapitalallokationsplan von NRG zu beeinträchtigen.
Die Übernahme steht noch unter dem Vorbehalt der Genehmigung durch Hart-Scott-Rodino und wird voraussichtlich im 2. Quartal 2025 abgeschlossen.
- Acquisition is earnings-accretive
- Purchase price of $760/kW is below new construction costs
- 50% of portfolio already hedged through 2028
- Projected annual Adj EBITDA of $50-60MM (hedged) to $70-80MM (unhedged)
- Strategic expansion in high-growth Texas market
- Increases corporate debt burden
- Significant capital expenditure of $560 million
- Regulatory approval required for closing
Expanding Flexible and Dispatchable Fleet to Meet Growing Energy Demand
NRG Energy Inc. (NYSE:NRG) has entered into a definitive agreement to acquire six power generation facilities from
The 738 MW portfolio is currently ~
NRG is acquiring these assets for
“This acquisition reinforces our position as a leading generator in Texas,” said Robert J. Gaudette, Executive Vice President, President of NRG Business and Wholesale Operations. “Expanding our natural gas generation portfolio with modern, flexible assets enhances our integrated platform as
The acquisition is subject to Hart-Scott-Rodino (HSR) regulatory approval and is expected to close in the second quarter of 2025.
About NRG
NRG Energy Inc. is a leading energy and home services company powered by people and our passion for a smarter, cleaner, and more connected future. A Fortune 500 company operating in
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to certain risks, uncertainties and assumptions and typically can be identified by the use of words such as “may,” “should,” “could,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “expect,” “intend,” “seek,” “plan,” “think,” “anticipate,” “estimate,” “predict,” “target,” “potential” or “continue” or the negative of these terms or other comparable terminology. Although NRG believes that the expectations are reasonable, it can give no assurance that these expectations will prove to be correct, and actual results may vary materially.
NRG undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Factors that could cause actual results to differ materially from those contemplated herein include, among others, general economic conditions; hazards customary in the power industry; the inability to execute NRG’s strategies, initiatives, or partnerships; the failure of NRG’s expectations regarding load growth to materialize; legislative and regulatory changes; and the other risks and uncertainties detailed in NRG’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the SEC at www.sec.gov.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250312054009/en/
Media:
NRG: Erik Linden 609.524.4519 erik.linden@nrg.com
Investors:
NRG: Brendan Mulhern 609.524.4767 investor.relations@nrg.com
Source: NRG Energy Inc.
FAQ
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