NRG Energy, GenOn Shareholders Approve Merger
NAW Staff, Friday 09 November 2012 - 11:56:11
NRG Energy Inc.
and GenOn Energy Inc.
have announced that the stockholders of both companies have approved the previously announced merger of the companies.
When the merger is completed, the combined company will have 47 GW of generating capacity comprising wind, solar, nuclear and fossil-fuel generation.
Previously, the Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period, the Public Utility Commission of Texas approved the transaction and the Nuclear Regulatory Commission made a threshold determination that its approval of the transaction was not required.
The merger remains subject to the satisfaction or waiver of other closing conditions, including regulatory approvals by the Federal Energy Regulatory Commission and the New York Public Service Commission.
The merger is expected to close by the first quarter of 2013.
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