NRG Energy Inc. - S&P Global Ratings’ Credit Research

NRG Energy Inc.

NRG Energy Inc. - S&P Global Ratings’ Credit Research
NRG Energy Inc.
Published May 31, 2012
7876 words — Published May 31, 2012
Price US$ 500.00  |  Buy this Report Now

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Abstract:

An active hedging policy that mitigates commodity price volatility; A strong retail electric business that is somewhat countercyclical to the wholesale business; A strong operating record at its generation plants; Positive free cash flow for the next few years even under low gas price assumptions; and A strong liquidity position. An "aggressive" financial profile that is levered to higher gas prices; Longer-term cash flow exposure to U.S. merchant power market risks; Operational and counterparty credit risks that arise from hedging and load-following requirements of the retail business; Aggressive growth plans, both organic and through acquisitions; and A financial policy that focuses on shareholder returns. The corporate credit rating on NRG Energy Inc. reflects the company's fundamental exposure to volatile commodity

  
Brief Excerpt:

RESEARCH NRG Energy Inc. Publication date: 31-May-2012 Primary Credit Analyst: Aneesh Prabhu, CFA, FRM, New York (1) 212-438-1285; aneesh_prabhu@standardandpoors.com Secondary Contact: Terry A Pratt, New York (1) 212-438-2080; terry_pratt@standardandpoo...

  
Report Type:

Full Report

Ticker
NRG
Issuer
NRG Energy Inc.
GICS
Independent Power Producers & Energy Traders (55105010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "NRG Energy Inc." May 31, 2012. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/NRG-Energy-Inc-971701>
  
APA:
S&P Global Ratings’ Credit Research. (). NRG Energy Inc. May 31, 2012. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/NRG-Energy-Inc-971701>
  
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