NRG ENERGY, INC. (NRG): M&A transaction — NRG completes sale of 44% South Texas Project nuclear stake to Constellation for $1.75B

NRG ENERGY, INC.

Base purchase price of $1.75B, reduced by $96M in working capital adjustments to net proceeds of $1.654B.
Sale closed November 1, 2023; buyer is Constellation Energy Generation, LLC (subsidiary of Constellation Energy Corp).
NRG South Texas, LP owned a 44% undivided interest in the South Texas Project nuclear facility in Matagorda County, Texas.
Pro forma financial statements filed to reflect the disposition, showing estimated impact on balance sheet and operations.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

NRG ENERGY, INC. completed a disposition involving Constellation Energy Generation, LLC for $1,750,000,000 (closed 2023-11-01).

Action: disposition
Counterparty: Constellation Energy Generation, LLC
Consideration: $1,750,000,000
Closing: 2023-11-01

Exact text from the filing

partnership interests of NRG South Texas, LP for an aggregate base purchase price, payable in United States funds, of one billion and seven hundred fifty million dollars ($1,750,000,000). The Company owns a forty four percent (44%) undivided interest in the nuclear powered generation facility known as the South Texas Project located in Matagorda County, Texas.

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NRG ENERGY, INC. filing history →

Source: SEC EDGAR

accession 0001104659-23-113388

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