Our review of independent power producer NRG Energy Inc.'s financial profile incorporates the impact of Winter Storm Uri. The company's estimate of the impact is better than our initial estimate of $250 million. Financial performance in 2020 was also consistent with our EBITDA estimate of about $2.0 billion. We expect the lingering impacts of the storm would translate into bad debts, uncollectible bills, and shortfalls that appear modest thus far. ERCOT's resettlement process is yet to be completed. We are affirming our 'BB+' issuer credit rating on NRG. The outlook remains stable. Our stable outlook reflects a business risk profile of satisfactory after the Direct Energy transaction close. Our stable outlook also reflects expectations that adjusted debt to EBITDA will
