Bulletin: NRG Energy Inc. Ratings Unaffected By Green Mountain Energy Co. Acquisition - S&P Global Ratings’ Credit Research

Bulletin: NRG Energy Inc. Ratings Unaffected By Green Mountain Energy Co. Acquisition

Bulletin: NRG Energy Inc. Ratings Unaffected By Green Mountain Energy Co. Acquisition - S&P Global Ratings’ Credit Research
Bulletin: NRG Energy Inc. Ratings Unaffected By Green Mountain Energy Co. Acquisition
Published Sep 17, 2010
Published Sep 17, 2010
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Abstract:

SAN FRANCISCO (Standard&Poor's) Sept. 17, 2010--Standard&Poor's Ratings Services said today that NRG Energy Inc.'s (BB-/Stable/B-2) announcement on Sept. 16, 2010, that it was acquiring Green Mountain Energy Co. (GMEC) for $350 million in cash has no impact on the NRG corporate credit rating or issue ratings. We had factored the possibility of this acquisition into our analysis when we affirmed the NRG ratings in connection with NRG's acquisition of Dynegy's assets. GMEC is a leading Austin, Texas-based retail provider of clean energy products and services, not to be confused with Vermont-based utility Green Mountain Power (BBB/Stable/--). GMEC has a significant presence in Texas and New York City. To the extent that NRG expands GMEC's franchise outside

  
Report Type:

Bulletin

Ticker
Issuer
GICS
Independent Power Producers & Energy Traders (55105010)
Sector
Global Issuers
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: NRG Energy Inc. Ratings Unaffected By Green Mountain Energy Co. Acquisition" Sep 17, 2010. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-NRG-Energy-Inc-Ratings-Unaffected-By-Green-Mountain-Energy-Co-Acquisition-820998>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: NRG Energy Inc. Ratings Unaffected By Green Mountain Energy Co. Acquisition Sep 17, 2010. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-NRG-Energy-Inc-Ratings-Unaffected-By-Green-Mountain-Energy-Co-Acquisition-820998>
  
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