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NRG Receives FERC Approval for Direct Energy Acquisition

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NRG Energy Inc. (NYSE:NRG) today announced that the Federal Energy Regulatory Commission (FERC) approved the previously announced acquisition of Direct Energy from Centrica PLC. The acquisition is expected to close in early January 2021, with a target date of January 5th.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are subject to certain risks, uncertainties and assumptions and typically can be identified by the use of words such as "expect," "estimate," "should," "anticipate," "forecast," "plan," "guidance," "outlook," "believe" and similar terms. Although NRG believes that the expectations are reasonable, it can give no assurance that these expectations will prove to be correct, and actual results may vary materially.

NRG undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The foregoing review of factors that could cause NRG’s actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect NRG’s future results included in NRG’s filings with the SEC at www.sec.gov.

About NRG

At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to more than 3.7 million residential, small business, and commercial and industrial customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, and by working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy, @nrginsight.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201130005623/en/

Contacts

Investors:
Kevin L. Cole, CFA
Investor Relations
609.524.4526
investor.relations@nrg.com

Media:
Candice Adams
Corporate Communications
NRG Energy
(609) 524-5428
Candice.adams@nrg.com