Latest news for Green Mountain Energy

NRG Energy to acquire Green Mountain Energy

(25/09/2010)

NRG Energy, Inc. has announced a definitive agreement to acquire Green Mountain Energy Company, the retail provider of clean energy products and services, for $350 million in cash. Green Mountain will be run as a standalone business within NRG. This acquisition, with an anticipated annual EBITDA contribution of $70 million, is immediately accretive to EBITDA and free cash flow. NRG anticipates funding the transaction with cash on hand upon tra... [more]

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